Extra Space Storage Inc (NYSE:EXR) : Traders are bullish on Extra Space Storage Inc (NYSE:EXR) as it has outperformed the S&P 500 by a wide margin of 3.56% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.57%, 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 2.87% in the last 1 week, and is up 5.24% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 33.79% from its 1 Year high price. On Jun 3, 2016, the shares registered one year high at $94.81 and the one year low was seen on Jul 15, 2015. The 50-Day Moving Average price is $90.52 and the 200 Day Moving Average price is recorded at $88.80.
The stock has recorded a 20-day Moving Average of 4.6% and the 50-Day Moving Average is 3.67%.
Extra Space Storage Inc (NYSE:EXR): stock turned positive on Friday. Though the stock opened at $91.74, the bulls momentum made the stock top out at $93.6 level for the day. The stock recorded a low of $91.52 and closed the trading day at $93.25, in the green by 1.31%. The total traded volume for the day was 1,312,319. The stock had closed at $92.04 in the previous days trading.
In an insider trading activity,The Director Officer (Chief Executive Officer) of Extra Space Storage Inc., Kirk Spencer sold 20,000 shares at $91.59 on July 1, 2016. The Insider selling transaction had a total value worth of $1,831,800. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Extra Space Storage Inc. is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, manages, acquires, develops and redevelops professionally managed self-storage properties (stores). The Company operates through three segments: rental operations; tenant reinsurance, and property management, acquisition and development. The Companys rental operations activities include rental operations of self-storage stores. Tenant reinsurance activities include the reinsurance of risks relating to the loss of goods stored by tenants in the Companys self-storage facilities. The Companys property management acquisition and development activities include managing acquiring developing and selling self-storage stores. As of December 31, 2014, it held ownership interests in 828 operating stores. Of these operating stores, 557 are wholly owned and 271 are owned in joint venture partnerships.