Large Outflow of Money Witnessed in Simon Property Group, Inc.

Simon Property Group, Inc. (SPG) jumped 0.15 points or 0.08% on strong buying and was last priced at $183.92 per share. The shares saw huge fund flow intraday; a massive $59.35 million made their way in through the upticks but an even bigger $63.38 million made their way out through downticks. As per the last observation, the net money flow stood at $(-4.03) million and the up/down ratio was found to be 0.94. The shares have seen a weekly value change of 2.46% .A block trade was recorded in the company shares with a net money flow of $(-3.27) million. The composite value of the funds in upticks was $4.52 million and the total value of funds in downticks was $7.79. As can be seen from the data, the block transaction had the up/down ratio of 0.58.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Simon Property Group, Inc. has dropped 0.48% in the last five trading days, however, the shares have posted positive gains of 2.17% in the last 4 weeks. Simon Property Group, Inc. has dropped 1.49% during the last 3-month period . Year-to-Date the stock performance stands at 2.17%. Simon Property Group, Inc. (NYSE:SPG) witnessed a decline in the market cap on Wednesday as its shares dropped 1.22% or 2.24 points. After the session commenced at $185.38, the stock reached the higher end at $186 while it hit a low of $181.49. With the volume soaring to 2,925,130 shares, the last trade was called at $181.53. The company has a 52-week high of $229.1. The company has a market cap of $57,044 million and there are 314,237,520 shares in outstanding. The 52-week low of the share price is $173.11.

Company has reported several Insider transactions to the SEC, on Sep 6, 2016, Steven K. Broadwater (SVP & Chief Accounting Officer) sold 945 shares at 215.41 per share price.On Aug 29, 2016, Andrew Juster (EVP/Chief Financial Officer) sold 7,000 shares at 215.70 per share price.On Apr 28, 2016, Allan B Hubbard (director) purchased 136 shares at 204.92 per share price.

Simon Property Group Inc Last issued its quarterly earnings results on Jan 31, 2017. The company reported $2.53 EPS for the quarter, missing the analyst consensus estimate by $ -0.04. Analyst had a consensus of $2.57. The company had revenue of $1426.00 million for the quarter, compared to analysts expectations of $1473.79 million. The companys revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.40 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Simon Property Group Inc was Downgraded by SunTrust to Hold on Jan 20, 2017. Simon Property Group Inc was Downgraded by Deutsche Bank on Jan 9, 2017 to Hold, Lowers Price Target to $ 188 from a previous price target of $231 .

Simon Property Group, Inc. is a self-administered and self-managed real estate investment trust which, through its subsidiary partnerships, is engaged in the ownership, development, management, leasing, acquisition and expansion of income-producing properties, primarily regional malls and community shopping centers. (Company Press Release)


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