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Recent Insider Activity Suggests Potential Gains for Extra Space Storage Inc. (EXR)

Extra Space Storage Inc.’s recent filing unveils that its Chief Executive Officer Margolis Joseph D unloaded Company’s shares for reported $1.34 million on Oct 01 ’24. In the deal valued at $178.52 per share,7,500 shares were sold. As a result of this transaction, Margolis Joseph D now holds 24,190 shares worth roughly $4.14 million.

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Then, COVE HOLLOW LANE II bought 7,500 shares, generating $1,351,425 in total proceeds.

Before that, Woolley Kenneth M. sold 6,647 shares. Extra Space Storage Inc. shares valued at $1,178,048 were divested by the Director at a price of $177.23 per share. As a result of the transaction, Woolley Kenneth M. now holds 404,306 shares, worth roughly $69.25 million.

Jefferies upgraded its Extra Space Storage Inc. [EXR] rating to a Buy from a a Hold in a research note published on September 18, 2024; the price target was increased to $204 from $162. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who began to cover the stock in early September with a ‘”a Sector perform”‘ rating. BofA Securities also remained covering EXR and has decreased its forecast on August 05, 2024 with a “an Underperform” recommendation from previously “Neutral” rating. Raymond James revised its rating on March 28, 2024. It rated EXR as “an Outperform” which previously was an “a Strong buy”.

Price Performance Review of EXR

On Friday, Extra Space Storage Inc. [NYSE:EXR] saw its stock jump 0.74% to $171.28. Over the last five days, the stock has gained 0.43%. Extra Space Storage Inc. shares have risen nearly 6.83% since the year began. Nevertheless, the stocks have risen 47.66% over the past one year. While a 52-week high of $184.87 was reached on 09/18/24, a 52-week low of $101.19 was recorded on 04/24/24. SMA at 50 days reached $174.21, while 200 days put it at $154.83.

Levels Of Support And Resistance For EXR Stock

The 24-hour chart illustrates a support level at 169.65, which if violated will result in even more drops to 168.01. On the upside, there is a resistance level at 172.39. A further resistance level may holdings at 173.49. The Relative Strength Index (RSI) on the 14-day chart is 44.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.98, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.26%. Stochastics %K at 29.80% indicates the stock is a holding.

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 2024-09-30, dropping by 17279.0 shares to a total of 3.81 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 3.83 million shares. There was a decline of -0.45%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on March 27, 2024 when Barclays began covering the stock and recommended ‘”an Overweight”‘ rating along with a $157 price target.

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