The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Extra Space Storage Inc. shares valued at $202,500 were sold by McNeal Gwyn Goodson on Mar 08 ’24. At $150.00 per share, McNeal Gwyn Goodson sold 1,350 shares. The insider’s holdings dropped to 35,678 shares worth approximately $5.09 million following the completion of this transaction.
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Also, McNeal Gwyn Goodson sold 1,350 shares, netting a total of over 195,750 in proceeds. Following the sale of shares at $145.00 each, the insider now holds 37,028 shares.
Before that, Sondhi Samrat had sold 2,048 shares from its account. In a trade valued at $299,950, the Executive VP and CMO traded Extra Space Storage Inc. shares for $146.46 each. Upon closing the transaction, the insider’s holdings decreased to 2,048 shares, worth approximately $13.43 million.
As published in a research note from Raymond James on March 28, 2024, Extra Space Storage Inc. [EXR] has been rated down from a Strong buy to an Outperform and the price target has been revised to $160. Analysts at Barclays started covering the stock with ‘”an Overweight”‘ outlook in a report released in late March. As of February 13, 2024, Scotiabank has initiated its “Sector underperform” rating for EXR. Earlier on January 30, 2024, Deutsche Bank initiated its rating. Their recommendation was “a Hold” for EXR stock.
Analyzing EXR Stock Performance
During the last five days, there has been a drop of approximately -5.76%. Over the course of the year, Extra Space Storage Inc. shares have dropped approximately -11.04%. Shares of the company reached a 52-week high of $164.99 on 01/02/24 and a 52-week low of $131.02 on 04/24/24. A 50-day SMA is recorded $142.13, while a 200-day SMA reached $135.72. Nevertheless, trading volume fell to 0.59 million shares from 1.86 million shares the previous day.
Support And Resistance Levels for Extra Space Storage Inc. (EXR)
According to the 24-hour chart, there is a support level at 141.31, which, if violated, would cause prices to drop to 140.00. In the upper region, resistance lies at 145.05. The next price resistance is at 147.48. RSI (Relative Strength Index) is 46.80 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.91, which suggests the price will decrease in the coming days. Percent R is at 83.14%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
