In a filing, Extra Space Storage Inc. revealed its Chief Executive Officer Margolis Joseph D unloaded Company’s shares for reported $1.14 million on Jul 01 ’24. In the deal valued at $152.58 per share,7,500 shares were sold. As a result of this transaction, Margolis Joseph D now holds 31,690 shares worth roughly $5.3 million.
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Then, Bonner Joseph J sold 677 shares, generating $100,345 in total proceeds. Upon selling the shares at $148.22, the Director now owns 5,229 shares.
Before that, McNeal Gwyn Goodson sold 1,350 shares. Extra Space Storage Inc. shares valued at $202,500 were divested by the EVP/Chief Legal Officer at a price of $150.00 per share. As a result of the transaction, McNeal Gwyn Goodson now holds 35,678 shares, worth roughly $5.97 million.
BofA Securities downgraded its Extra Space Storage Inc. [EXR] rating to an Underperform from a a Neutral in a research note published on August 05, 2024; the price target was decreased to $155 from $172. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in late March from “a Strong buy” to “an Outperform”. Barclays began covering EXR with “an Overweight” recommendation on March 27, 2024. Scotiabank started covering the stock on February 13, 2024. It rated EXR as “a Sector underperform”.
Price Performance Review of EXR
On Friday, Extra Space Storage Inc. [NYSE:EXR] saw its stock jump 0.66% to $167.27. Over the last five days, the stock has gained 1.75%. Extra Space Storage Inc. shares have risen nearly 4.33% since the year began. Nevertheless, the stocks have risen 30.64% over the past one year. While a 52-week high of $171.46 was reached on 07/18/24, a 52-week low of $101.19 was recorded on 04/24/24. SMA at 50 days reached $159.58, while 200 days put it at $145.93.
Levels Of Support And Resistance For EXR Stock
The 24-hour chart illustrates a support level at 165.45, which if violated will result in even more drops to 163.63. On the upside, there is a resistance level at 168.81. A further resistance level may holdings at 170.34. The Relative Strength Index (RSI) on the 14-day chart is 59.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.22, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.55%. Stochastics%K at 87.72% indicates the stock is a selling.
How much short interest is there in Extra Space Storage Inc.?
A steep rise in short interest was recorded in Extra Space Storage Inc. stocks on 2024-07-31, dropping by -0.41 million shares to a total of 4.06 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 4.47 million shares. There was a decline of -10.04%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on January 30, 2024 when Deutsche Bank began covering the stock and recommended ‘”a Hold”‘ rating along with a $141 price target.
