CubeSmart’s recent filing unveils 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.
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.
Truist upgraded its CubeSmart [CUBE] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who increased its forecast for the stock in early January from “a Sell” to “a Hold”. Jefferies also remained covering CUBE and has decreased its forecast on January 02, 2025 with a “Hold” recommendation from previously “Buy” rating. UBS revised its rating on September 13, 2024. It rated CUBE as “a Neutral” which previously was an “a Buy”.
Price Performance Review of CUBE
On Monday, CubeSmart [NYSE:CUBE] saw its stock fall -0.40% to $42.21. Over the last five days, the stock has gained 1.71%. CubeSmart shares have fallen nearly -1.49% since the year began. Nevertheless, the stocks have fallen -3.65% over the past one year. While a 52-week high of $55.14 was reached on 01/27/25, a 52-week low of $39.80 was recorded on 01/21/25. SMA at 50 days reached $43.59, while 200 days put it at $46.49.
Levels Of Support And Resistance For CUBE Stock
The 24-hour chart illustrates a support level at 41.94, which if violated will result in even more drops to 41.66. On the upside, there is a resistance level at 42.55. A further resistance level may holdings at 42.88. The Relative Strength Index (RSI) on the 14-day chart is 49.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.52, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 28.37%. Stochastics %K at 77.23% indicates the stock is a holding.
How much short interest is there in CubeSmart?
A steep rise in short interest was recorded in CubeSmart stocks on 2025-01-15, dropping by -0.37 million shares to a total of 3.35 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 3.72 million shares. There was a decline of -11.07%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 10, 2024 when RBC Capital Mkts began covering the stock and recommended ‘”an Outperform”‘ rating along with a $56 price target.
