Unusual Social Activity Today Around Simon Property Group (SPG)

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified Simon Property Group ( SPG) as an unusual social activity candidate. In addition to specific proprietary factors, Trade-Ideas identified Simon Property Group as such a stock due to the following factors:

  • SPG has 10x the normal benchmarked social activity for this time of the day compared to its average of 2.48 mentions/day.
  • SPG has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $234.5 million.

Identifying stocks with 'Unusual Social Activity' tends to be a valuable process for traders looking to capitalize on the 'talk of the town' stocks that are basking in far more attention from the StockTwits financial community than normal. Good press? Bad press? It ultimately doesn't matter if it's good or bad if you know how to trade around the sentiment. Certain hedge funds use such data for their proprietary algorithms and it is not uncommon to see shared social sentiment play itself out in a stock's price trend.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in SPG with the Ticky from Trade-Ideas. See the FREE profile for SPG NOW at Trade-Ideas

More details on SPG:

Simon Property Group, Inc. is an equity real estate investment trust. The firm invests in the real estate markets across the globe. It engages in investment, ownership, management, and development of properties. The stock currently has a dividend yield of 3.1%. SPG has a PE ratio of 38. Currently there are 15 analysts that rate Simon Property Group a buy, no analysts rate it a sell, and 1 rates it a hold.

If you liked this article you might like

Stocks Sharply Lower on North Korea Missile Launch Over Japan

Tiny Store America

Simon Property Settles Antitrust Investigation in New York

Zombieland No More -- These New Retailers Are Invading Dying Malls

Apple Has Triggered This Major Phenomenon That Is Preventing Many Malls From Dying