DDR (DDR) : The total money flow in DDR (DDR) was negative ($3.92 million), which signals selling by the traders on Wednesdays session. They trimmed their holdings by selling the stock on downticks to the tune of $9.51 million. In comparison, the inflow of money into the stock on upticks was $5.59 million. The uptick to downtick ratio was 0.59. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $5.81 million. The value of transactions on uptick was $1.75 million. The negative money flow of ($4.06 million) confirms the selling in DDR (DDR) on strength. The uptick to downtick ratio of block trades was 0.3. DDR (DDR) gained $0.08 at $19.44, a gain of 0.41% over the previous days close. However, the stock registered 1.41% in the week.
Also, In the latest statement by the brokerage house, Mizuho Securities downgrades its outlook on DDR (NYSE:DDR). The current rating of the shares is Underperform, according to the research report released by the firm. Previously, the company had a rating of Neutral. The rating by the firm was issued on July 11, 2016.
DDR (NYSE:DDR): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $19.35 and $19.25 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $19.57. The buying momentum continued till the end and the stock did not give up its gains. It closed at $19.57, notching a gain of 1.08% for the day. The total traded volume was 5,474,876 . The stock had closed at $19.36 on the previous day.
The stock has recorded a 20-day Moving Average of 5.97% and the 50-Day Moving Average is 9.84%. In a related news, The Securities and Exchange Commission has divulged that Vesy Christa A, Officer (Exec. V.P. & Chief Acct. Off.) of DDR CORP, had unloaded 5,000 shares at an average price of $17.38 in a transaction dated on June 27, 2016. The total value of the transaction was worth $86,900.
DDR Corp. (DDR) is a self-administered and self-managed real estate investment trust (REIT). The Company is in the business of acquiring, owning, developing, redeveloping, expanding, leasing and managing shopping centers. In addition, the Company engages in the origination and acquisition of loans and debt securities, which are generally collateralized directly or indirectly by shopping centers. The Company owns and manages approximately 415 shopping centers representing 118 million square feet in 41 states and Puerto Rico. DDR has completed 53 redevelopment projects. Its properties include Eastland Center in California, Easton Market in Ohio and The Maxwell in Illinois.