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CubeSmart [CUBE] Investment Appeal on the Rise

CubeSmart’s recently made public that its COO Keaton Joel D unloaded Company’s shares for reported $0.36 million on Mar 04 ’24. In the deal valued at $44.58 per share,8,026 shares were sold. As a result of this transaction, Keaton Joel D now holds 87,663 shares worth roughly $3.86 million.

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BMO Capital Markets downgraded its CubeSmart [CUBE] rating to a Market perform from a an Outperform in a research note published on May 29, 2024; the price target was decreased to $47 from $50. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in late March with a ‘”an Equal weight”‘ rating. Deutsche Bank began covering CUBE with “Sell” recommendation on January 30, 2024. Jefferies revised its rating on January 02, 2024. It rated CUBE as “a Buy” which previously was an “a Hold”.

Price Performance Review of CUBE

On Tuesday, CubeSmart [NYSE:CUBE] saw its stock jump 0.57% to $43.99. Over the last five days, the stock has lost -2.53%. CubeSmart shares have fallen nearly -5.09% since the year began. Nevertheless, the stocks have fallen -1.50% over the past one year. While a 52-week high of $47.81 was reached on 01/02/24, a 52-week low of $33.17 was recorded on 05/29/24. SMA at 50 days reached $42.91, while 200 days put it at $42.08. A total of 0.88 million shares were traded, compared to the trading of 1.67 million shares in the previous session.

Levels Of Support And Resistance For CUBE Stock

The 24-hour chart illustrates a support level at 43.69, which if violated will result in even more drops to 43.40. On the upside, there is a resistance level at 44.36. A further resistance level may holdings at 44.74. The Relative Strength Index (RSI) on the 14-day chart is 50.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.57%. Stochastics%K at 45.68% indicates the stock is a holding.

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