Shares of Simon Property Group (SPG) Sees Large Outflow of Money

Simon Property Group (SPG) : Mondays money flow analysis of Simon Property Group (SPG) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $65.08 million. In comparison, the inflow of money on upticks was a meager $55.64 million. The dollar value of composite uptick trades minus the downtick trades was negative $9.44 million. The uptick to downtick ratio of 0.85 in the money flow shows weakness. The uptick block trades were valued at $10.73 million. The downtick transaction value was high at $19.51 million, which denotes distribution on strength. The uptick to downtick ratio of block trades was 0.55. Hence, the net money flow in the stock was negative ($8.78 million). Simon Property Group (SPG) gained $0.67 at $215.22, a change of 0.31% over the previous days close.


Simon Property Group Inc. has lost 2.68% in the last five trading days and dropped 3.97% in the last 4 weeks. Simon Property Group Inc. is up 7.37% in the last 3-month period. Year-to-Date the stock performance stands at 11.97%.

Simon Property Group (NYSE:SPG): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $214.35 and $213.38 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $214.98. The buying momentum continued till the end and the stock did not give up its gains. It closed at $214.08, notching a gain of 0.24% for the day. The total traded volume was 1,148,148 . The stock had closed at $213.57 on the previous day.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Simon Property Group Inc /De/, Hubbard Allan B, had purchased 136 shares in a transaction dated on April 28, 2016. The transaction was executed at $204.92 per share with total amount equaling $27,869.

Simon Property Group, Inc. is a self-administered and self-managed real estate investment trust (REIT). Simon Property Group, L.P. (Operating Partnership), is the Companys majority-owned partnership subsidiary that owns all of its real estate properties and other assets. The Company owns, develops and manages retail real estate properties, which consist primarily of malls, Premium Outlets and The Mills. As of December 31, 2014, the Company owned or held an interest in 207 properties in the United States, which consisted of 109 malls, 68 Premium Outlets, 13 Mills, three community centers, and 14 other retail properties in 37 states and Puerto Rico. As of December 31, 2014, the Company had ownership interests in nine Premium Outlets in Japan, three Premium Outlets in South Korea, two Premium Outlets in Canada, one Premium Outlet in Mexico and one Premium Outlet in Malaysia. As of December 31, 2014, the Company had non-controlling ownership interests in five outlet properties in Europe.

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