Simon Property Group (SPG) Shares are Up 1.37%

Simon Property Group (SPG) has been under a strong bear grip, hence the stock is down -1.24% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.86% in the past 1 week. The stock has risen by 1.37% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.37% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 0.88% and the 50-Day Moving Average is 0.14%.The 200 Day SMA reached 9.07%. Simon Property Group Inc. is up 9.91% in the last 3-month period. Year-to-Date the stock performance stands at 14.21%.


Simon Property Group (NYSE:SPG): After opening at $216.92, the stock dipped to an intraday low of $215.61 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $219.41 and the buying power remained strong till the end. The stock closed at $216.69 for the day, a gain of 0.31% for the day session. The total traded volume was 939,104. The stocks close on the previous trading day was $216.02.

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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