Shares of Parkway, Inc. (PKY) Sees Large Inflow of Net Money Flow

Parkway, Inc. (PKY) dropped slightly amid mild profit booking and the last known price was $20.87 per share. The price decreased by -0.42 points or -1.97% which made the investors to buy on weakness. For the latest trading session, the net money flow was recorded at $5.9 million. The total upticks were valued at $7.39 million and the total downticks aggregated to $1.5 million, thereby putting the up/down ratio at 4.94,. The shares has seen a change in the share price of -2.25% on a weekly basis.In a big block trade which occurred today, the total uptick value was $6.13 million and the total downtick value was $0, resulting in an up/down ratio of 0. The net money flow for the block trade was calculated to be $6.13 million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Parkway, Inc. (NYSE:PKY) witnessed a decline in the market cap on Wednesday as its shares dropped 1.93% or 0.41 points. After the session commenced at $21.17, the stock reached the higher end at $21.65 while it hit a low of $20.87. With the volume soaring to 616,661 shares, the last trade was called at $20.88. The company has a 52-week high of $26.2. The company has a market cap of $1,025 million and there are 49,110,645 shares in outstanding. The 52-week low of the share price is $16.39.

Company has reported several Insider transactions to the SEC, on Dec 4, 2015, David R. Oreilly (EVP & CHIEF FINANCIAL OFFICER) sold 80,000 shares at 16.79 per share price.On Dec 4, 2015, M. Jayson Lipsey (EVP, CHIEF OPERATING OFFICER) sold 16,500 shares at 16.71 per share price.On Mar 2, 2015, Edward Manuel Casal (director) purchased 1,000 shares at 17.76 per share price.

Parkway Properties Inc Last issued its quarterly earnings results on Aug 8, 2016. The company reported $0.29 EPS for the quarter, missing the analyst consensus estimate by $ -0.02. Analyst had a consensus of $0.31. The company had revenue of $107.51 million for the quarter, compared to analysts expectations of $107.83 million. The companys revenue was down -15.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.33 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Upgraded by Stifel on Jan 17, 2017 to Hold, Raises Price Target to $ 22 from a previous price target of $17 .Parkway Properties Inc was Initiated by JMP Securities on Nov 29, 2016 to Mkt Outperform, Price Target of the shares are set at $22.

Parkway, Inc. is a self-managed office real estate investment trust. It engaged in the ownership, acquisition, development and leasing of office assets primarily in Houston, Texas. Parkway, Inc., formerly known as Parkway Properties Inc., is based in Orlando, United States.

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