Public Storage’s recently made public that its Officer Vitan Nathaniel A. acquired Company’s shares for reported $0.14 million on Dec 13 ’24. In the deal valued at $317.99 per share,450 shares were bought.
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Then, Vitan Nathaniel A. sold 400 shares, generating $135,978 in total proceeds. Upon selling the shares at $339.95, the Chief Legal Officer now owns 2,814 shares.
Before that, Vitan Nathaniel A. bought 400 shares. Public Storage shares valued at $135,978 were divested by the Officer at a price of $339.94 per share.
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 fall -0.99% to $317.62. Over the last five days, the stock has lost -4.90%. Public Storage shares have risen nearly 4.14% since the year began. Nevertheless, the stocks have risen 12.41% over the past one year. While a 52-week high of $369.99 was reached on 10/01/24, a 52-week low of $256.31 was recorded on 05/01/24. SMA at 50 days reached $337.20, while 200 days put it at $308.72.
Levels Of Support And Resistance For PSA Stock
The 24-hour chart illustrates a support level at 315.68, which if violated will result in even more drops to 313.74. On the upside, there is a resistance level at 320.14. A further resistance level may holdings at 322.66. The Relative Strength Index (RSI) on the 14-day chart is 33.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -15.42, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.57%. Stochastics %K at 2.04% indicates the stock is a buying.
How much short interest is there in Public Storage?
A steep rise in short interest was recorded in Public Storage stocks on 2024-11-29, growing by 0.57 million shares to a total of 3.33 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 2.76 million shares. There was a rise of 17.13%, which implies that there is a positive sentiment for the stock.
