Shares of Parkway Properties (PKY) Sees Large Outflow of Money

Parkway Properties (PKY) : The total money flow in Parkway Properties (PKY) was negative ($7.84 million), which signals selling by the traders on Wednesdays session. They trimmed their holdings by selling the stock on downticks to the tune of $8.86 million. In comparison, the inflow of money into the stock on upticks was $1.03 million. The uptick to downtick ratio was 0.12. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $8.31 million. The value of transactions on uptick was $0.37 million. The negative money flow of ($7.94 million) confirms the selling in Parkway Properties (PKY) on strength. The uptick to downtick ratio of block trades was 0.04. Parkway Properties (PKY) gained $0.05 at $17.8, a gain of 0.28% over the previous days close. However, the stock registered -0.11% in the week.


Also, DA Davidson downgrades their rating on the shares of Parkway Properties (NYSE:PKY). The current rating of the shares is Neutral. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on May 13, 2016.

Parkway Properties (NYSE:PKY): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $17.75 and $17.61 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $17.82. The buying momentum continued till the end and the stock did not give up its gains. It closed at $17.80, notching a gain of 0.28% for the day. The total traded volume was 773,972 . The stock had closed at $17.75 on the previous day.

The stock has recorded a 20-day Moving Average of 5.36% and the 50-Day Moving Average is 4.55%. In a related news,The officer (EVP & CHIEF FINANCIAL OFFICER) of Parkway Properties Inc, OReilly David R. sold 80,000 shares at $16.79 on December 3, 2015. The Insider selling transaction had a total value worth of $1,343,200. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Parkway Properties, Inc. (Parkway) is an integrated, self-administered and self-managed real estate investment trust (REIT). The Company is engaged in the acquisition, ownership and management of office and parking properties in high-growth submarkets in the Sunbelt region of the United States. The Company offers fee-based real estate services through wholly owned subsidiaries, which in total managed and/or leased approximately six million square feet for third-party property owners. The Company serves as the general partner of Fund II and provides asset management, property management, leasing and construction management services to the fund. Fund II owns seven properties totaling approximately 2.5 million square feet in Atlanta, Georgia; Phoenix, Arizona; Jacksonville, Florida, and Philadelphia, Pennsylvania.

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