WP Glimcher (WPG) : Traders are bullish on WP Glimcher (WPG) as it has outperformed the S&P 500 by a wide margin of 6.93% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.02%, 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 2.34% in the last 1 week, and is up 6.7% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 2.95% and the fifty day Moving Average is 10.05%. WP GLIMCHER Inc. is up 37.73% in the last three month period. Year-to-Date the stock performance stands at 34.27%.
WP Glimcher (NYSE:WPG): On Fridays trading session , Opening price of the stock was $13.71 with an intraday high of $13.85. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $13.295. However, the stock managed to close at $13.53, a loss of 0.37% for the day. On the previous day, the stock had closed at $13.58. The total traded volume of the day was 1,694,128 shares.
WP Glimcher Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company is engaged in ownership, development and management of retail real estate. Washington Prime Group, L.P. (WPG L.P.) is the Companys majority owned partnership subsidiary that owns, through its affiliates, all of the Companys real estate properties and other assets. As of December 31, 2014, the Companys assets consisted of interests in 97 shopping centers in the United States, consisting of strip centers and malls. The Companys properties are leased to various tenants across the retail, including anchor stores, big-box tenants, national inline tenants, sitdown restaurants, movie theatres and regional and local retailers. The Companys properties include Anderson Mall; Chautauqua Mall; Edison Mall; Forest Mall; Gulf View Square; Lincolnwood Town Center; Mesa Mall; Valle Vista Mall, and Westminster Mall, among others.