Public Storage.’s recently made public that its Chief Legal Officer Vitan Nathaniel A. unloaded Company’s shares for reported $74775.0 on Dec 13 ’23. In the deal valued at $282.17 per share,265 shares were sold. As a result of this transaction, Vitan Nathaniel A. now holds 13,021 shares worth roughly $3.4 million.
Then, REYES JOHN sold 53,275 shares, generating $14,542,560 in total proceeds. Upon selling the shares at $272.97, the Director now owns 174,192 shares.
Before that, REYES JOHN sold 50,000 shares. Public Storage. shares valued at $13,798,989 were divested by the Director at a price of $275.98 per share. As a result of the transaction, REYES JOHN now holds 174,192 shares, worth roughly $45.54 million.
Wells Fargo upgraded its Public Storage. [PSA] rating to an Overweight from a an Equal weight in a research note published on April 05, 2024; the price target was increased to $310 from $280. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in late March from “a Mkt perform” to “a Strong buy”. Barclays began covering PSA with “an Overweight” recommendation on March 27, 2024. Scotiabank started covering the stock on February 13, 2024. It rated PSA as “a Sector perform”.
Price Performance Review of PSA
On Monday, Public Storage. [NYSE:PSA] saw its stock jump 0.41% to $261.44. Over the last five days, the stock has lost -1.63%. Public Storage. shares have fallen nearly -14.28% since the year began. Nevertheless, the stocks have fallen -9.11% over the past one year. While a 52-week high of $312.25 was reached on 01/02/24, a 52-week low of $233.18 was recorded on 04/22/24. SMA at 50 days reached $280.24, while 200 days put it at $276.88. A total of 0.77 million shares were traded, compared to the trading of 0.74 million shares in the previous session.
Levels Of Support And Resistance For PSA Stock
The 24-hour chart illustrates a support level at 259.31, which if violated will result in even more drops to 257.19. On the upside, there is a resistance level at 262.63. A further resistance level may holdings at 263.83. The Relative Strength Index (RSI) on the 14-day chart is 34.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -12.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.40%. Stochastics %K at 5.56% indicates the stock is a buying.
The most recent change occurred on January 30, 2024 when Deutsche Bank began covering the stock and recommended ‘”a Sell”‘ rating along with a $250 price target.
