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 $0.45 million following the completion of this transaction.
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 Jefferies on January 02, 2025, CubeSmart [CUBE] has been rated down from a Buy to a Hold and the price target has been revised to $46 from $57. Analysts at UBS downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid September. As of September 10, 2024, RBC Capital Mkts has initiated its “an Outperform” rating for CUBE. Earlier on August 22, 2024, Scotiabank initiated its rating. Their recommendation was “a Sector outperform” for CUBE stock.
Analyzing CUBE Stock Performance
During the last five days, there has been a drop of approximately -3.55%. Over the course of the year, CubeSmart shares have dropped approximately -3.55%. Shares of the company reached a 52-week high of $42.37 on 01/02/25 and a 52-week low of $40.86 on 01/08/25. A 50-day SMA is recorded $46.44, while a 200-day SMA reached $46.74. Nevertheless, trading volume fell to 1.17 million shares from 1.27 million shares the previous day.
Support And Resistance Levels for CubeSmart (CUBE)
According to the 24-hour chart, there is a support level at 40.99, which, if violated, would cause prices to drop to 40.65. In the upper region, resistance lies at 41.54. The next price resistance is at 41.75. RSI (Relative Strength Index) is 30.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.92, which suggests the price will decrease in the coming days. Percent R is at 90.02%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
