CubeSmart’s recently made public that its Chief Human Resources Officer Schulte Jennifer unloaded Company’s shares for reported $0.84 million on Sep 11 ’24. In the deal valued at $52.56 per share,15,942 shares were sold. As a result of this transaction, Schulte Jennifer now holds 10,847 shares worth roughly $0.46 million.
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Then, DeNarie Matthew D sold 868 shares, generating $46,560 in total proceeds. Upon selling the shares at $53.64, the Chief Accounting Officer now owns 17,081 shares.
Before that, Schulte Jennifer bought 15,942 shares. CubeSmart shares valued at $853,216 were divested by the Officer at a price of $53.52 per share.
UBS downgraded its CubeSmart [CUBE] rating to a Neutral from a a Buy in a research note published on September 13, 2024; the price target was increased to $54 from $53. 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 ‘”an Outperform”‘ rating. Scotiabank began covering CUBE with “Sector outperform” recommendation on August 22, 2024. BMO Capital Markets revised its rating on May 29, 2024. It rated CUBE as “a Market perform” which previously was an “an Outperform”.
Price Performance Review of CUBE
On Monday, CubeSmart [NYSE:CUBE] saw its stock jump 0.33% to $42.80. Over the last five days, the stock has lost -6.73%. CubeSmart shares have fallen nearly -7.66% since the year began. Nevertheless, the stocks have fallen -6.86% over the past one year. While a 52-week high of $55.14 was reached on 09/18/24, a 52-week low of $39.80 was recorded on 05/29/24. SMA at 50 days reached $47.88, while 200 days put it at $46.82.
Levels Of Support And Resistance For CUBE Stock
The 24-hour chart illustrates a support level at 42.34, which if violated will result in even more drops to 41.88. On the upside, there is a resistance level at 43.07. A further resistance level may holdings at 43.33. The Relative Strength Index (RSI) on the 14-day chart is 26.85, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.67%. Stochastics %K at 9.73% indicates the stock is a buying.
How much short interest is there in CubeSmart?
A steep rise in short interest was recorded in CubeSmart stocks on 2024-11-29, growing by 0.29 million shares to a total of 4.42 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 4.13 million shares. There was a rise of 6.61%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on March 27, 2024 when Barclays began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $48 price target.
