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Insider Buying: Meisinger Chad LeRoy, National Storage Affiliates Trust [NSA] Director invested 18,405 shares

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. National Storage Affiliates Trust shares valued at $694,605 were purchased by Meisinger Chad LeRoy on Jun 07 ’24. At $37.74 per share, Meisinger Chad LeRoy acquired 18,405 shares. The insider’s holdings grew to 114,155 shares worth approximately $4.66 million following the completion of this transaction.

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Also, Nordhagen Arlen Dale purchased 6,500 shares, netting a total of over 237,250 in proceeds. Following the buying of shares at $36.50 each, the insider now holds 4,027,726 shares.

Before that, Nordhagen Arlen Dale had added 10,000 shares to its account. In a trade valued at $359,200, the Vice Chairperson bought National Storage Affiliates Trust shares for $35.92 each. Upon closing the transaction, the insider’s holdings increased to 10,000 shares, worth approximately $164.37 million.

As published in their initiating research note from Barclays on March 27, 2024, National Storage Affiliates Trust [NSA] has been an Equal weight and the price target has been revised to $39. Analysts at Deutsche Bank started covering the stock with ‘”a Sell”‘ outlook in a report released in late January. As of January 05, 2024, KeyBanc Capital Markets has increased its “Sector weight” rating to a “an Overweight” for NSA. Earlier on December 11, 2023, Evercore ISI downgraded its rating. Their new recommendation was “an Underperform” for NSA stock which previously was a “an In-line”.

Analyzing NSA Stock Performance

During the last five days, there has been a drop of approximately -0.32%. Over the course of the year, National Storage Affiliates Trust shares have dropped approximately -1.64%. Shares of the company reached a 52-week high of $42.95 on 06/24/24 and a 52-week low of $34.50 on 02/29/24. A 50-day SMA is recorded $38.06, while a 200-day SMA reached $36.14. Nevertheless, trading volume fell to 0.25 million shares from 0.7 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 40.36, which, if violated, would cause prices to drop to 39.98. In the upper region, resistance lies at 41.08. The next price resistance is at 41.42. RSI (Relative Strength Index) is 57.53 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.77, which suggests the price will decrease in the coming days. Percent R is at 73.02%, indicating bearish price movement. Stochastics%K at holding indicates that the stock is to be held.

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