Simon Property Group (SPG) : Traders are bullish on Simon Property Group (SPG) as it has outperformed the S&P 500 by a wide margin of 1.16% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.84%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.77% in the last 1 week, and is up 4.56% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 2.45% and the 50-Day Moving Average is 8.22%. Simon Property Group Inc. is up 13.75% in the last 3-month period. Year-to-Date the stock performance stands at 18.75%.
Simon Property Group (NYSE:SPG): stock turned positive on Friday. Though the stock opened at $223.93, the bulls momentum made the stock top out at $229.1 level for the day. The stock recorded a low of $223.93 and closed the trading day at $227.04, in the green by 1.33%. The total traded volume for the day was 1,260,546. The stock had closed at $224.07 in the previous days trading.
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.