Post Properties (PPS) : The total negative money flow of $8.72 million on Monday indicates selling on strength. The inflow of money on upticks was $56 million, compared to $64.73 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.87. The negative money flow of $5.21 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $6.71 million in a block trade.The transaction value of block trade on downtick was $11.92 million. The uptick to downtick ratio was 0.56. The price action in the Post Properties (PPS) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $68.08 with a gain of $5.86 , a change of 9.42% over the previous days close. The stock registered 9.31% for the week.
Shares of Post Properties Inc. rose by 8.46% in the last five trading days and 9.68% for the last 4 weeks. Post Properties Inc. is up 12.19% in the last 3-month period. Year-to-Date the stock performance stands at 16.94%.
Post Properties (NYSE:PPS): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $69.33 and $66.82 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $69.39. The buying momentum continued till the end and the stock did not give up its gains. It closed at $68.08, notching a gain of 9.42% for the day. The total traded volume was 4,045,881 . The stock had closed at $62.22 on the previous day.
In a related news, The officer (EVP & Chief Investment Officer), of Post Properties Inc, Ward David C. had unloaded 3,220 shares at $60 per share in a transaction on May 20, 2016. The total value of transaction was $193,200. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Post Properties, Inc. is a self-administrated and self-managed equity real estate investment trust (REIT). The Company along with its subsidiaries develops, owns and manages upscale multi-family apartment communities in selected markets in the United States. The Company operates through segments, including Fully stabilized (same store) communities, Newly stabilized communities, Lease-up communities, Acquired communities and Held for sale and sold communities. As of December 31, 2014, the Company had interests in 22,994 apartment units in 58 communities, including 1,471 apartment units in four communities held in unconsolidated entities and 1,705 apartment units in five communities under development or in lease-up. The major operating divisions of the Company include Post Apartment Management, Post Construction and Property Services, Post Investment Group and Post Corporate Services.