Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. National Storage Affiliates Trust shares valued at $237,250 were purchased by Nordhagen Arlen Dale on Dec 11 ’23. At $36.50 per share, Nordhagen Arlen Dale acquired 6,500 shares. The insider’s holdings grew to 4,027,726 shares worth approximately $151.2 million following the completion of this transaction.
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Also, Nordhagen Arlen Dale purchased 10,000 shares, netting a total of over 359,200 in proceeds. Following the buying of shares at $35.92 each, the insider now holds 4,029,626 shares.
Before that, FISCHER TAMARA D had added 608 shares to its account. In a trade valued at $18,045, the Executive Chair bought National Storage Affiliates Trust shares for $29.68 each. Upon closing the transaction, the insider’s holdings increased to 608 shares, worth approximately $0.68 million.
As published in their initiating research note from Deutsche Bank on January 30, 2024, National Storage Affiliates Trust [NSA] has been a Sell and the price target has been revised to $33. Analysts at KeyBanc Capital Markets upgraded the stock from ‘”a Sector weight”‘ to ‘”an Overweight”‘ outlook in a report released in early January. As of December 11, 2023, Evercore ISI has decreased its “an In-line” rating to a “an Underperform” for NSA. Earlier on August 08, 2023, Stifel downgraded its rating. Their new recommendation was “a Hold” for NSA stock which previously was a “a Buy”.
Analyzing NSA Stock Performance
During the last five days, there has been a surge of approximately 2.26%. Over the course of the year, National Storage Affiliates Trust shares have dropped approximately -9.48%. Shares of the company reached a 52-week high of $42.54 on 01/02/24 and a 52-week low of $34.50 on 02/29/24. A 50-day SMA is recorded $37.17, while a 200-day SMA reached $34.92. Nevertheless, trading volume fell to 0.77 million shares from 0.92 million shares the previous day.
Support And Resistance Levels for National Storage Affiliates Trust (NSA)
According to the 24-hour chart, there is a support level at 37.31, which, if violated, would cause prices to drop to 37.08. In the upper region, resistance lies at 37.79. The next price resistance is at 38.03. RSI (Relative Strength Index) is 54.65 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.17, which suggests the price will decrease in the coming days. Percent R is at 40.82%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is National Storage Affiliates Trust subject to short interest?
Stocks of National Storage Affiliates Trust saw a sharp rise in short interest on Feb 29, 2024 jumping by 0.42 million shares to 3.95 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 3.53 million shares. A jump of 10.63% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.8 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.8.
