Large Inflow of Money Detected in Kimco Realty Corporation

Kimco Realty Corporation (KIM) : The money flow analysis of Kimco Realty Corporation (KIM) indicates a $5.07 million of outflow was on downticks, whereas, the investors on Monday gobbled up stocks worth $16.25 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 3.2 and so was the total money flow at $11.17 million. The bulls lapped up $10.94 million worth of block trades on upticks. The money flow was $10.94 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Kimco Realty Corporation (KIM), pushing it down by -0.13% for the day. The stock slid $0.04 and traded at $30.46 during the day. Nonetheless, the stock is -2.22% over the previous weeks close.


Kimco Realty Corporation has lost 2.25% in the last five trading days and dropped 2.65% in the last 4 weeks. Kimco Realty Corporation is up 5.46% in the last 3-month period. Year-to-Date the stock performance stands at 17.1%.

Kimco Realty Corporation (NYSE:KIM): The stock opened at $30.50 on Monday but the bulls could not build on the opening and the stock topped out at $30.54 for the day. The stock traded down to $30.38 during the day, due to lack of any buying support eventually closed down at $30.46 with a loss of -0.13% for the day. The stock had closed at $30.50 on the previous day. The total traded volume was 2,394,589 shares.

In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Kimco Realty Corp, Coviello Philip E Jr had purchased shares worth of $31,170 in a transaction dated on August 8, 2016. A total of 1,000 shares were purchased at a price of $31.17 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Kimco Realty Corporation (Kimco) is a self-administered real estate investment trust (REIT), which owns and operates neighborhood and community shopping centers. The Company had interests in approximately 754 shopping center properties, aggregating 109.5 million square feet of gross leasable area (GLA), and 533 other property interests, primarily through the Companys preferred equity investments and other real estate investments, totaling approximately 11.7 million square feet of GLA, for a total of 1,287 properties aggregating 121.2 million square feet of GLA, located in 41 states in the United States and also in Puerto Rico, Canada, Mexico and Chile. The Companys investment strategy is to be the owner and operator of neighborhood and community shopping centers through investments primarily in the United States. The Companys tenants include TJX Companies, The Home Depot, Wal-Mart, Kohls and Bed Bath.

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