CubeSmart (NYSE:CUBE) : Traders are bullish on CubeSmart (NYSE:CUBE) as it has outperformed the S&P 500 by a wide margin of 5.3% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.06%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.36% in the last 1 week, and is up 7% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 26.90% from its 1 Year high price. On Apr 4, 2016, the shares registered one year high at $33.52 and the one year low was seen on Sep 4, 2015. The 50-Day Moving Average price is $30.68 and the 200 Day Moving Average price is recorded at $30.96.
The stock has recorded a 20-day Moving Average of 5.53% and the 50-Day Moving Average is 3.12%.
CubeSmart (NYSE:CUBE): stock turned positive on Friday. Though the stock opened at $31.25, the bulls momentum made the stock top out at $31.815 level for the day. The stock recorded a low of $31.25 and closed the trading day at $31.65, in the green by 1.61%. The total traded volume for the day was 2,114,391. The stock had closed at $31.15 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Martin Timothy M, officer (CFO) of Cubesmart, had unloaded 110,046 shares at an average price of $26.23 in a transaction dated on August 10, 2015. The total value of the transaction was worth $2,886,507.
CubeSmart is a self-administered and self-managed real estate company focused primarily on the ownership, operation, management, acquisition and development of self-storage facilities in the United States. The Companys self-storage facilities offer storage space for its residential and commercial customers with features, such as wide aisles and loadbearing capabilities for large truck access. As of December 31, 2014, the Company owned 421 self-storage facilities located in 22 states of the United States and in the District of Columbia containing an aggregate of approximately 28.6 million rentable square feet. As of December 31, 2014, the Company managed 174 facilities for third parties (including 35 facilities containing an aggregate of approximately 2.4 million rentable square feet as part of an unconsolidated real estate venture in which it owns a 50% interest).