SL Green Realty Corp (NYSE:SLG) shares, rose in value on Friday, May 09, with the stock price up by 2.24% to the previous day’s close as strong demand from buyers drove the stock to $56.66.
Actively observing the price movement in the last trading, the stock closed the session at $55.42. Referring to stock’s 52-week performance, its high was $82.81, and the low was $45.15. On the whole, SLG has fluctuated by 8.84% over the past month.
With the market capitalization of SL Green Realty Corp currently standing at about $4.31 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 3.04, with its dividend yield at 5.36%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SLG’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of SLG currently trading nearly 6.02% and 1.58% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 58.37, while the 7-day volatility ratio is showing 2.40% which for the 30-day chart, stands at 3.74%. Furthermore, SL Green Realty Corp (SLG)’s beta value is 1.66, and its average true range (ATR) is 2.12.
A comparison of SL Green Realty Corp (SLG) with its peers suggests the former has fared considerably weaker in the market. SLG showed an intraday change of 2.24% in last session, and over the past year, it grew by 10.47%%.
Data on historical trading for SL Green Realty Corp (NYSE:SLG) indicates that the trading volumes over the past 3 months, they’ve averaged 897.64K. According to company’s latest data on outstanding shares, there are 71.02 million shares outstanding.
Nearly 6.67% of SL Green Realty Corp’s shares belong to company insiders and institutional investors own 82.79% of the company’s shares. The stock has fallen by -16.58% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SLG stock heading into the next quarter.
