HCP (HCP) : The total money flow in HCP (HCP) was negative ($5.29 million), which signals selling by the traders on Wednesdays session. They trimmed their holdings by selling the stock on downticks to the tune of $22.01 million. In comparison, the inflow of money into the stock on upticks was $16.72 million. The uptick to downtick ratio was 0.76. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $10.85 million. The value of transactions on uptick was $6.41 million. The negative money flow of ($4.43 million) confirms the selling in HCP (HCP) on strength. The uptick to downtick ratio of block trades was 0.59. HCP (HCP) gained $0.17 at $38.3, a gain of 0.45% over the previous days close. However, the stock registered 2.32% in the week.
Also, Major Brokerage house, Goldman Sachs upgrades its ratings on HCP (NYSE:HCP). According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on July 8, 2016.
HCP (NYSE:HCP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $38.08 and $37.85 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $38.34. The buying momentum continued till the end and the stock did not give up its gains. It closed at $38.34, notching a gain of 0.55% for the day. The total traded volume was 3,472,556 . The stock had closed at $38.13 on the previous day.
The stock has recorded a 20-day Moving Average of 7.16% and the 50-Day Moving Average is 10.82%. In a related news,The officer (Executive Vice President) of Hcp, Inc., Hsiao Kai sold 266 shares at $36.04 on May 9, 2016. The Insider selling transaction had a total value worth of $9,587. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
HCP, Inc. (HCP) is a real estate investment trust (REIT). The Company invests in real estate serving the healthcare industry in the United States. Its portfolio consists of investments in various healthcare segments: senior housing, post-acute/skilled nursing, life science, medical office and hospital. Its portfolio includes owned portfolio, unconsolidated joint ventures, and developments and redevelopments. Its owned portfolio includes around 1,040 properties under lease and 68 operating properties. It has interests in unconsolidated joint ventures representing around 88 properties in its senior housing, life science and medical office segments. It has assets under development, redevelopment and land held for future development in life science and medical office segments. The properties owned by it in medical office and senior housing segments, which are under development or redevelopment include Pacific Corporate Park, Memorial Hermann, Sky Ridge, Bayfront, Folsom and Deer Park.