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 $0.44 million.
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.
Deutsche Bank upgraded its CubeSmart [CUBE] rating to a Hold from a a Sell in a research note published on January 10, 2025; the price target was decreased to $45 from $46. A number of analysts have revised their coverage, including Jefferies’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “a Hold”. UBS also remained covering CUBE and has decreased its forecast on September 13, 2024 with a “Neutral” recommendation from previously “Buy” rating. RBC Capital Mkts started covering the stock on September 10, 2024. It rated CUBE as “an Outperform”.
Price Performance Review of CUBE
On Monday, CubeSmart [NYSE:CUBE] saw its stock jump 0.55% to $40.45. Over the last five days, the stock has lost -4.42%. CubeSmart shares have fallen nearly -5.60% since the year began. Nevertheless, the stocks have fallen -11.24% over the past one year. While a 52-week high of $55.14 was reached on 01/02/25, a 52-week low of $39.80 was recorded on 01/13/25. SMA at 50 days reached $46.14, while 200 days put it at $46.71.
Levels Of Support And Resistance For CUBE Stock
The 24-hour chart illustrates a support level at 39.99, which if violated will result in even more drops to 39.53. On the upside, there is a resistance level at 40.72. A further resistance level may holdings at 40.99. The Relative Strength Index (RSI) on the 14-day chart is 28.63, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.34%. Stochastics %K at 9.96% 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 2024-12-13, dropping by -1.18 million shares to a total of 3.72 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 4.9 million shares. There was a decline of -31.69%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on August 22, 2024 when Scotiabank began covering the stock and recommended ‘”a Sector outperform”‘ rating along with a $53 price target.
