Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. CubeSmart shares valued at $837,919 were sold by Schulte Jennifer on Sep 11 ’24. At $52.56 per share, Schulte Jennifer sold 15,942 shares. The insider’s holdings dropped to 10,847 shares worth approximately $0.52 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, DeNarie Matthew D sold 868 shares, netting a total of over 46,560 in proceeds. Following the sale of shares at $53.64 each, the insider now holds 17,081 shares.
Before that, Schulte Jennifer had added 15,942 shares to its account. In a trade valued at $853,216, the Officer bought CubeSmart shares for $53.52 each.
As published in a research note from UBS on September 13, 2024, CubeSmart [CUBE] has been rated down from a Buy to a Neutral and the price target has been revised to $54 from $53. Analysts at RBC Capital Mkts started covering the stock with ‘”an Outperform”‘ outlook in a report released in early September. As of August 22, 2024, Scotiabank has initiated its “Sector outperform” rating for CUBE. Earlier on May 29, 2024, BMO Capital Markets downgraded its rating. Their new recommendation was “a Market perform” for CUBE stock which previously was a “an Outperform”.
Analyzing CUBE Stock Performance
During the last five days, there has been a drop of approximately -2.53%. Over the course of the year, CubeSmart shares have jumped approximately 3.21%. Shares of the company reached a 52-week high of $55.14 on 09/18/24 and a 52-week low of $39.80 on 05/29/24. A 50-day SMA is recorded $51.43, while a 200-day SMA reached $46.20. Nevertheless, trading volume fell to 1.88 million shares from 1.67 million shares the previous day.
Support And Resistance Levels for CubeSmart (CUBE)
According to the 24-hour chart, there is a support level at 47.41, which, if violated, would cause prices to drop to 46.98. In the upper region, resistance lies at 48.50. The next price resistance is at 49.16. RSI (Relative Strength Index) is 32.86 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.05, which suggests the price will decrease in the coming days. Percent R is at 82.07%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
