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National Storage Affiliates Trust [NSA] Shares Jump Approximately 41.03% Over the Year

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 $5.53 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 $195.03 million.

As published in a research note from KeyBanc Capital Markets on September 09, 2024, National Storage Affiliates Trust [NSA] has been rated down from an Overweight to a Sector weight. Analysts at Barclays started covering the stock with ‘”an Equal weight”‘ outlook in a report released in late March. As of January 30, 2024, Deutsche Bank has initiated its “Sell” rating for NSA. Earlier on January 05, 2024, KeyBanc Capital Markets upgraded its rating. Their new recommendation was “an Overweight” for NSA stock which previously was a “a Sector weight”.

Analyzing NSA Stock Performance

During the last five days, there has been a surge of approximately 3.75%. Over the course of the year, National Storage Affiliates Trust shares have jumped approximately 16.71%. Shares of the company reached a 52-week high of $49.25 on 09/18/24 and a 52-week low of $34.50 on 02/29/24. A 50-day SMA is recorded $44.55, while a 200-day SMA reached $39.57. Nevertheless, trading volume fell to 0.79 million shares from 0.88 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 48.00, which, if violated, would cause prices to drop to 47.59. In the upper region, resistance lies at 49.03. The next price resistance is at 49.66. RSI (Relative Strength Index) is 70.12 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.29, which suggests the price will increase in the coming days. Percent R is at 23.24%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

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