Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Extra Space Storage Inc shares valued at $1,110,075 were sold by Margolis Joseph D on Jan 02 ’25. At $148.01 per share, Margolis Joseph D sold 7,500 shares. The insider’s holdings dropped to 16,690 shares worth approximately $2.49 million following the completion of this transaction.
Also, COVE HOLLOW LANE II purchased 7,500 shares, netting a total of over 1,122,000 in proceeds.
Before that, Olmstead Diane had sold 3,081 shares from its account. In a trade valued at $507,009, the Director traded Extra Space Storage Inc shares for $164.56 each. Upon closing the transaction, the insider’s holdings decreased to 3,081 shares, worth approximately $0.88 million.
As published in a research note from Scotiabank on January 10, 2025, Extra Space Storage Inc [EXR] has been rated up from a Sector underperform to a Sector perform and the price target has been revised to $167. Analysts at Wells Fargo downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in late October. As of September 18, 2024, Jefferies has increased its “Hold” rating to a “Buy” for EXR. Earlier on September 10, 2024, RBC Capital Mkts initiated its rating. Their recommendation was “a Sector perform” for EXR stock.
Analyzing EXR Stock Performance
During the last five days, there has been a surge of approximately 0.71%. Over the course of the year, Extra Space Storage Inc shares have dropped approximately -0.07%. Shares of the company reached a 52-week high of $153.57 on 01/15/25 and a 52-week low of $145.50 on 01/10/25. A 50-day SMA is recorded $158.52, while a 200-day SMA reached $159.08. Nevertheless, trading volume fell to 1.12 million shares from 1.17 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 147.76, which, if violated, would cause prices to drop to 146.02. In the upper region, resistance lies at 152.40. The next price resistance is at 155.30. RSI (Relative Strength Index) is 43.39 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.03, which suggests the price will decrease in the coming days. Percent R is at 50.56%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
