Public Storage’s recent filing unveils that its Chief Legal Officer Vitan Nathaniel A. unloaded Company’s shares for reported $0.14 million on Aug 23 ’24. In the deal valued at $339.95 per share,400 shares were sold. As a result of this transaction, Vitan Nathaniel A. now holds 2,814 shares worth roughly $0.96 million.
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Then, Vitan Nathaniel A. bought 400 shares, generating $135,978 in total proceeds.
Before that, Vitan Nathaniel A. sold 400 shares. Public Storage shares valued at $109,714 were divested by the Chief Legal Officer at a price of $274.29 per share. As a result of the transaction, Vitan Nathaniel A. now holds 3,214 shares, worth roughly $1.09 million.
RBC Capital Mkts initiated its Public Storage [PSA] rating to a Sector perform in a research note published on September 10, 2024; the price target was $358. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early August from “a Buy” to “a Neutral”. Truist also remained covering PSA and has decreased its forecast on August 01, 2024 with a “Hold” recommendation from previously “Buy” rating. Wells Fargo revised its rating on April 05, 2024. It rated PSA as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of PSA
On Friday, Public Storage [NYSE:PSA] saw its stock jump 1.89% to $339.42. Over the last five days, the stock has gained 4.87%. Public Storage shares have risen nearly 11.29% since the year began. Nevertheless, the stocks have risen 35.39% over the past one year. While a 52-week high of $369.99 was reached on 10/01/24, a 52-week low of $241.60 was recorded on 05/01/24. SMA at 50 days reached $346.94, while 200 days put it at $302.42.
Levels Of Support And Resistance For PSA Stock
The 24-hour chart illustrates a support level at 334.76, which if violated will result in even more drops to 330.10. On the upside, there is a resistance level at 342.93. A further resistance level may holdings at 346.44. The Relative Strength Index (RSI) on the 14-day chart is 50.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 12.13%. Stochastics %K at 57.68% indicates the stock is a holding.
How much short interest is there in Public Storage?
A steep rise in short interest was recorded in Public Storage stocks on 2024-10-15, dropping by -0.95 million shares to a total of 2.74 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.69 million shares. There was a decline of -34.75%, which implies that there is a negative sentiment for the stock.
