Highwoods Properties (HIW) : Investors lapped up stocks on upticks to the tune of $14.74 million in the Mondays trading session. The trading value on downticks was comparatively at $5.32 million and the uptick to downtick ratio of 2.77 indicates continuous buying by the bulls. The net money flow into the stock was $9.41 million. Upticks saw transactions worth $9.91 clearly indicating buying by large investors. The total money flow for block trades stood at $9.91 million, which is a positive for the stock in the long-term. Highwoods Properties (HIW) fell $0.25 during the day at $53.45, a drop of -0.47% over the previous days close. However, for the week, the stock is -2.12%, compared to the previous week.
Highwoods Properties Inc. has dropped 1.41% in the last five trading days, however, the shares have posted positive gains of 1.41% in the last 4 weeks. Highwoods Properties Inc. is up 13.48% in the last 3-month period. Year-to-Date the stock performance stands at 25.96%.
Highwoods Properties (NYSE:HIW): The stock opened at $53.85 on Monday but the bulls could not build on the opening and the stock topped out at $54.13 for the day. The stock traded down to $53.36 during the day, due to lack of any buying support eventually closed down at $53.45 with a loss of -0.47% for the day. The stock had closed at $53.70 on the previous day. The total traded volume was 823,351 shares.
In a related news, The Director Officer (President & Ceo), of HIGHWOODS PROPERTIES INC, Fritsch Edward J had unloaded 85,822 shares at $52.29 per share in a transaction on June 29, 2016. The total value of transaction was $4,487,632. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Highwoods Properties, Inc. is a real estate investment trust. The Company is engaged in the business of operation, acquisition and development of real estate properties. It provides leasing, management, development, construction and other customer-related services for its properties and for third parties. The Company operates office, industrial, retail and residential properties. The Company conducts its activities through Highwoods Realty Limited Partnership. The Companys portfolio consists of office properties in Raleigh, Atlanta, Tampa, Nashville, Memphis, Pittsburgh, Richmond and Orlando; office and industrial properties in Greensboro, and retail and office properties in Kansas City. The Company holds an interest of approximately 31.2 million rentable square feet of in-service properties, 1.7 million rentable square feet of properties under development and approximately 500 acres of development land.