Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Extra Space Storage Inc shares valued at $1,122,000 were purchased by COVE HOLLOW LANE II on Jan 02 ’25. At $149.60 per share, COVE HOLLOW LANE II acquired 7,500 shares.
Also, Olmstead Diane sold 3,081 shares, netting a total of over 507,009 in proceeds. Following the sale of shares at $164.56 each, the insider now holds 5,877 shares.
Before that, Margolis Joseph D had sold 7,500 shares from its account. In a trade valued at $1,338,900, the Chief Executive Officer traded Extra Space Storage Inc shares for $178.52 each. Upon closing the transaction, the insider’s holdings decreased to 7,500 shares, worth approximately $3.58 million.
As published in a research note from Wells Fargo on October 21, 2024, Extra Space Storage Inc [EXR] has been rated down from an Overweight to an Equal weight and the price target has been revised to $175. Analysts at Jefferies upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid September. As of September 10, 2024, RBC Capital Mkts has initiated its “Sector perform” rating for EXR. Earlier on August 05, 2024, BofA Securities downgraded its rating. Their new recommendation was “an Underperform” for EXR stock which previously was a “a Neutral”.
Analyzing EXR Stock Performance
During the last five days, there has been a drop of approximately -1.18%. Over the course of the year, Extra Space Storage Inc shares have dropped approximately -1.21%. Shares of the company reached a 52-week high of $149.89 on 01/02/25 and a 52-week low of $146.65 on 01/02/25. A 50-day SMA is recorded $161.36, while a 200-day SMA reached $158.83. Nevertheless, trading volume fell to 0.77 million shares from 0.57 million shares the previous day.
Support And Resistance Levels for Extra Space Storage Inc (EXR)
According to the 24-hour chart, there is a support level at 146.33, which, if violated, would cause prices to drop to 144.87. In the upper region, resistance lies at 149.57. The next price resistance is at 151.35. RSI (Relative Strength Index) is 35.33 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.07, which suggests the price will decrease in the coming days. Percent R is at 69.76%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
