Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Extra Space Storage Inc. shares valued at $1,178,048 were sold by Woolley Kenneth M. on Sep 13 ’24. At $177.23 per share, Woolley Kenneth M. sold 6,647 shares. The insider’s holdings dropped to 404,306 shares worth approximately $72.81 million following the completion of this transaction.
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Also, Woolley Kenneth M. purchased 6,647 shares, netting a total of over 1,178,048 in proceeds.
Before that, Springer William N had sold 2,000 shares from its account. In a trade valued at $350,660, the EVP, Chief S & P Officer traded Extra Space Storage Inc. shares for $175.33 each. Upon closing the transaction, the insider’s holdings decreased to 2,000 shares, worth approximately $2.15 million.
As published in a research note from Jefferies on September 18, 2024, Extra Space Storage Inc. [EXR] has been rated up from a Hold to a Buy and the price target has been revised to $204 from $162. Analysts at RBC Capital Mkts started covering the stock with ‘”a Sector perform”‘ outlook in a report released in early September. As of August 05, 2024, BofA Securities has decreased its “Neutral” rating to a “an Underperform” for EXR. Earlier on March 28, 2024, Raymond James downgraded its rating. Their new recommendation was “an Outperform” for EXR stock which previously was a “a Strong buy”.
Analyzing EXR Stock Performance
During the last five days, there has been a surge of approximately 1.59%. Over the course of the year, Extra Space Storage Inc. shares have jumped approximately 12.32%. Shares of the company reached a 52-week high of $184.87 on 09/18/24 and a 52-week low of $131.02 on 04/24/24. A 50-day SMA is recorded $169.29, while a 200-day SMA reached $152.24. Nevertheless, trading volume fell to 1.26 million shares from 1.64 million shares the previous day.
Support And Resistance Levels for Extra Space Storage Inc. (EXR)
According to the 24-hour chart, there is a support level at 178.17, which, if violated, would cause prices to drop to 176.25. In the upper region, resistance lies at 182.75. The next price resistance is at 185.41. RSI (Relative Strength Index) is 64.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.21, which suggests the price will increase in the coming days. Percent R is at 35.02%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
