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Understanding the Risks of Investing in National Storage Affiliates Trust (NSA)

National Storage Affiliates Trust’s recent filing unveils that its Director Meisinger Chad LeRoy acquired Company’s shares for reported $0.69 million on Jun 07 ’24. In the deal valued at $37.74 per share,18,405 shares were bought. As a result of this transaction, Meisinger Chad LeRoy now holds 114,155 shares worth roughly $4.65 million.

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Then, Nordhagen Arlen Dale bought 6,500 shares, generating $237,250 in total proceeds. Upon buying the shares at $36.50, the Vice Chairperson now owns 4,027,726 shares.

Before that, Nordhagen Arlen Dale bought 10,000 shares. National Storage Affiliates Trust shares valued at $359,200 were divested by the Vice Chairperson at a price of $35.92 per share. As a result of the transaction, Nordhagen Arlen Dale now holds 4,029,626 shares, worth roughly $164.17 million.

Barclays initiated its National Storage Affiliates Trust [NSA] rating to an Equal weight in a research note published on March 27, 2024; the price target was $39. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in late January with a ‘”a Sell”‘ rating. KeyBanc Capital Markets also remained covering NSA and has increased its forecast on January 05, 2024 with a “an Overweight” recommendation from previously “Sector weight” rating. Evercore ISI revised its rating on December 11, 2023. It rated NSA as “an Underperform” which previously was an “an In-line”.

Price Performance Review of NSA

On Friday, National Storage Affiliates Trust [NYSE:NSA] saw its stock unchanged to $40.74. Over the last five days, the stock has lost -0.63%. National Storage Affiliates Trust shares have fallen nearly -1.76% since the year began. Nevertheless, the stocks have risen 16.30% over the past one year. While a 52-week high of $42.95 was reached on 06/24/24, a 52-week low of $27.86 was recorded on 02/29/24. SMA at 50 days reached $38.17, while 200 days put it at $36.18. A total of 0.97 million shares were traded, compared to the trading of 0.25 million shares in the previous session.

Levels Of Support And Resistance For NSA Stock

The 24-hour chart illustrates a support level at 40.43, which if violated will result in even more drops to 40.13. On the upside, there is a resistance level at 40.95. A further resistance level may holdings at 41.17. The Relative Strength Index (RSI) on the 14-day chart is 57.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.02%. Stochastics%K at 26.98% indicates the stock is a holding.

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