Extra Space Storage Inc.’s recent filing unveils that its EVP, Chief S & P Officer Springer William N unloaded Company’s shares for reported $0.35 million on Aug 28 ’24. In the deal valued at $175.33 per share,2,000 shares were sold. As a result of this transaction, Springer William N now holds 11,919 shares worth roughly $2.1 million.
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Then, William N. Springer bought 2,000 shares, generating $354,800 in total proceeds.
Before that, McNeal Gwyn Goodson sold 2,823 shares. Extra Space Storage Inc. shares valued at $499,699 were divested by the EVP/Chief Legal Officer at a price of $177.01 per share. As a result of the transaction, McNeal Gwyn Goodson now holds 32,855 shares, worth roughly $5.79 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 Tuesday, Extra Space Storage Inc. [NYSE:EXR] saw its stock fall -0.51% to $176.10. Over the last five days, the stock has lost -0.90%. Extra Space Storage Inc. shares have risen nearly 9.84% since the year began. Nevertheless, the stocks have risen 36.85% over the past one year. While a 52-week high of $179.23 was reached on 08/26/24, a 52-week low of $101.19 was recorded on 04/24/24. SMA at 50 days reached $164.02, while 200 days put it at $149.36.
Levels Of Support And Resistance For EXR Stock
The 24-hour chart illustrates a support level at 174.42, which if violated will result in even more drops to 172.74. On the upside, there is a resistance level at 177.85. A further resistance level may holdings at 179.59. The Relative Strength Index (RSI) on the 14-day chart is 64.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.29, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 22.26%. Stochastics %K at 83.21% 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 2024-08-15, dropping by -0.34 million shares to a total of 3.88 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 4.23 million shares. There was a decline of -8.87%, 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.
