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 $0.43 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.
KeyBanc Capital Markets upgraded its CubeSmart [CUBE] rating to an Overweight from a a Sector weight in a research note published recently. A number of analysts have revised their coverage, including Scotiabank’s analysts, who decreased its forecast for the stock in early March from “a Sector outperform” to “a Sector perform”. Truist also remained covering CUBE and has increased its forecast on January 17, 2025 with a “Buy” recommendation from previously “Hold” rating. Deutsche Bank revised its rating on January 10, 2025. It rated CUBE as “a Hold” which previously was an “a Sell”.
Price Performance Review of CUBE
On Tuesday, CubeSmart [NYSE:CUBE] saw its stock jump 3.41% to $39.71. Over the last five days, the stock has gained 3.65%. CubeSmart shares have fallen nearly -7.33% since the year began. Nevertheless, the stocks have fallen -5.14% over the past one year. While a 52-week high of $55.14 was reached on 03/10/25, a 52-week low of $34.24 was recorded on 04/09/25. SMA at 50 days reached $41.07, while 200 days put it at $46.02.
Levels Of Support And Resistance For CUBE Stock
The 24-hour chart illustrates a support level at 39.01, which if violated will result in even more drops to 38.30. On the upside, there is a resistance level at 40.17. A further resistance level may holdings at 40.62. The Relative Strength Index (RSI) on the 14-day chart is 49.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 32.13%. Stochastics %K at 59.17% 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 2025-03-31, dropping by -0.26 million shares to a total of 3.43 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 3.69 million shares. There was a decline of -7.7%, which implies that there is a negative sentiment for the stock.
