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An Analysis of Extra Space Storage Inc. (EXR)’s Potential Price Growth

Extra Space Storage Inc.’s recently made public that its EVP/Chief Legal Officer McNeal Gwyn Goodson unloaded Company’s shares for reported $0.2 million on Mar 08 ’24. In the deal valued at $150.00 per share,1,350 shares were sold. As a result of this transaction, McNeal Gwyn Goodson now holds 35,678 shares worth roughly $4.9 million.

Then, McNeal Gwyn Goodson sold 1,350 shares, generating $195,750 in total proceeds. Upon selling the shares at $145.00, the EVP/Chief Legal Officer now owns 37,028 shares.

Before that, Sondhi Samrat sold 2,048 shares. Extra Space Storage Inc. shares valued at $299,950 were divested by the Executive VP and CMO at a price of $146.46 per share. As a result of the transaction, Sondhi Samrat now holds 94,126 shares, worth roughly $12.93 million.

Raymond James downgraded its Extra Space Storage Inc. [EXR] rating to an Outperform from a a Strong buy in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in late March with a ‘”an Overweight”‘ rating. Scotiabank began covering EXR with “Sector underperform” recommendation on February 13, 2024. Deutsche Bank started covering the stock on January 30, 2024. It rated EXR as “a Hold”.

Price Performance Review of EXR

On Monday, Extra Space Storage Inc. [NYSE:EXR] saw its stock jump 2.93% to $137.38. Over the last five days, the stock has gained 3.50%. Extra Space Storage Inc. shares have fallen nearly -14.31% since the year began. Nevertheless, the stocks have fallen -9.09% over the past one year. While a 52-week high of $164.99 was reached on 01/02/24, a 52-week low of $101.19 was recorded on 04/24/24. SMA at 50 days reached $141.66, while 200 days put it at $135.47. A total of 1.1 million shares were traded, compared to the trading of 1.15 million shares in the previous session.

Levels Of Support And Resistance For EXR Stock

The 24-hour chart illustrates a support level at 135.73, which if violated will result in even more drops to 134.07. On the upside, there is a resistance level at 138.50. A further resistance level may holdings at 139.61. The Relative Strength Index (RSI) on the 14-day chart is 46.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.76%. Stochastics %K at 20.55% indicates the stock is a holding.

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