Large Inflow of Money Detected in ProLogis

ProLogis (PLD) : Tuesdays money flow points at investors jumping to buy the stock on the weakness of price. $10.07 million worth of transactions were on upticks, whereas, the downticks accounted for $7.13 million worth of transactions. The net money flow was a positive $2.95 million and the uptick to downtick ratio was 1.41. The net money flow into the stock was $3.06 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $3.06 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. ProLogis (PLD) was trading at $52.9, down $0.26 during day. The stock slid -0.49% over the previous days close. For the week, the stock recorded 0.65% over the previous weeks close.


Also, BTIG Research initiates coverage on ProLogis (NYSE:PLD). The shares have now been rated Buy by the stock experts at the ratings house. BTIG Research announces the current price target of $60 per share on ProLogis . The rating by the firm was issued on August 25, 2016.

Prologis, Inc. has lost 1.26% in the last five trading days and dropped 2.69% in the last 4 weeks. Prologis, Inc. is up 12.15% in the last 3-month period. Year-to-Date the stock performance stands at 26.13%.

ProLogis (NYSE:PLD): The stock opened at $53.14 on Tuesday but the bulls could not build on the opening and the stock topped out at $53.24 for the day. The stock traded down to $52.61 during the day, due to lack of any buying support eventually closed down at $53.14 with a loss of -0.04% for the day. The stock had closed at $53.16 on the previous day. The total traded volume was 2,182,909 shares.

In a related news, The officer (CEO, Europe and Asia), of Prologis, Inc., Anderson Gary E had unloaded 33,043 shares at $54.28 per share in a transaction on August 12, 2016. The total value of transaction was $1,793,574. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Prologis, Inc. is engaged in industrial logistics real estate, focused on markets across the Americas, Europe and Asia. The Company leases modern distribution facilities to more than 4,700 customers, including third-party logistics providers, transportation companies, retailers and manufacturers. The Companys business consists of two operating segments: Real Estate Operations and Strategic Capital. The Companys customer base represents a spectrum of international, national, regional and local distribution users. As of December 31, 2014, the Company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 590 million square feet (55 million square meters) in 21 countries.

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