Shares of WP Glimcher (WPG) Sees Large Inflow of Net Money Flow

WP Glimcher (WPG) : WP Glimcher (WPG) had a healthy money flow of $0.22 million into the stock during the Tuesdays trading session. The value of bullish trades on upticks was $0.37 million, whereas, investors only sold shares worth $0.15 million on downticks. The stock closed the day with an up-down ratio of 2.4.The money flow in the block trades to the tune of $0.19 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $0.19 million worth of transactions were on upticks. WP Glimcher (WPG) stock slid $0.11 intraday and traded at 12.48, a change of -0.87% over previous days close. However, for the week, the company shares are 3.06% compared to previous weeks close.


The company Insiders own 3.3% of WP Glimcher shares according to the proxy statements. Institutional Investors own 88.81% of WP Glimcher shares. In an insider trading activity, Indest Melissa A., officer (CAO and SVP, Finance) of Wp Glimcher Inc. had purchased 5,000 shares on August 10, 2015 in a transaction. The price per share was $13.05 and the total amount of the disclosed transaction was $65,250.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

Shares of WP GLIMCHER Inc. rose by 6.87% in the last five trading days and 5.67% for the last 4 weeks. WP GLIMCHER Inc. is up 26.23% in the last 3-month period. Year-to-Date the stock performance stands at 21.97%.

WP Glimcher (NYSE:WPG): On Tuesdays trading session , Opening price of the stock was $12.61 with an intraday high of $12.6376. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $12.065. However, the stock managed to close at $12.29, a loss of 2.38% for the day. On the previous day, the stock had closed at $12.59. The total traded volume of the day was 2,472,227 shares.

WP Glimcher Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company is engaged in ownership, development and management of retail real estate. Washington Prime Group, L.P. (WPG L.P.) is the Companys majority owned partnership subsidiary that owns, through its affiliates, all of the Companys real estate properties and other assets. As of December 31, 2014, the Companys assets consisted of interests in 97 shopping centers in the United States, consisting of strip centers and malls. The Companys properties are leased to various tenants across the retail, including anchor stores, big-box tenants, national inline tenants, sitdown restaurants, movie theatres and regional and local retailers. The Companys properties include Anderson Mall; Chautauqua Mall; Edison Mall; Forest Mall; Gulf View Square; Lincolnwood Town Center; Mesa Mall; Valle Vista Mall, and Westminster Mall, among others.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.