Large Inflow of Money Detected in Boston Properties

Boston Properties (BXP) : Investors lapped up stocks on upticks to the tune of $24.08 million in the Tuesdays trading session. The trading value on downticks was comparatively at $14.21 million and the uptick to downtick ratio of 1.7 indicates continuous buying by the bulls. The net money flow into the stock was $9.87 million. Upticks saw transactions worth $8.15 clearly indicating buying by large investors. The total money flow for block trades stood at $8.15 million, which is a positive for the stock in the long-term. Boston Properties (BXP) fell $0.01 during the day at $140.45, a drop of -0.01% over the previous days close. However, for the week, the stock is 0.92%, compared to the previous week.


Also, BTIG Research initiates coverage on Boston Properties (NYSE:BXP) The brokerage firm has issued a Neutral rating on the shares. The rating by the firm was issued on August 25, 2016.

Boston Properties Inc. has lost 0.64% in the last five trading days and dropped 1.42% in the last 4 weeks. Boston Properties Inc. is up 11.07% in the last 3-month period. Year-to-Date the stock performance stands at 11.27%.

Boston Properties (NYSE:BXP): The stock opened at $140.69 on Tuesday but the bulls could not build on the opening and the stock topped out at $140.69 for the day. The stock traded down to $138.93 during the day, due to lack of any buying support eventually closed down at $140.45 with a loss of -0.01% for the day. The stock had closed at $140.46 on the previous day. The total traded volume was 556,311 shares.

In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the officer (Executive Vice President) of Boston Properties Inc, Powers John Francis had purchased shares worth of $189,072 in a transaction dated on August 17, 2016. A total of 7,272 shares were purchased at a price of $26 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Boston Properties, Inc. is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company is engaged in owning and developing office properties in the United States. The Companys properties are concentrated in four markets: Boston, New York, San Francisco and Washington, DC. The Company conducts all of its business through its subsidiary, Boston Properties Limited Partnership. The Company considers office/technical properties to be properties that support office, research and development, laboratory and other technical uses. The Company is also engaged in providing resources in acquisitions, development, financing, capital markets, construction management, property management, marketing, leasing, accounting, risk management, tax and legal services.

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