Large Inflow of Money Detected in Extra Space Storage Inc

Extra Space Storage Inc (EXR) : Extra Space Storage Inc (EXR) had a healthy money flow of $2.5 million into the stock during the Thursdays trading session. The value of bullish trades on upticks was $19 million, whereas, investors only sold shares worth $16.51 million on downticks. The stock closed the day with an up-down ratio of 1.15.The money flow in the block trades to the tune of $2.07 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $2.07 million worth of transactions were on upticks. Extra Space Storage Inc (EXR) stock slid $0.27 intraday and traded at 94.11, a change of -0.29% over previous days close. However, for the week, the company shares are 0.92% compared to previous weeks close.


The stock has recorded a 20-day Moving Average of 4.15% and the 50-Day Moving Average is 3.85%. Shares have rallied 34.64% 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 $90.59 and the 200 Day Moving Average price is recorded at $88.84.

Extra Space Storage Inc (NYSE:EXR): The stock opened at $94.30 on Thursday but the bulls could not build on the opening and the stock topped out at $94.30 for the day. The stock traded down to $92.89 during the day, due to lack of any buying support eventually closed down at $94.11 with a loss of -0.29% for the day. The stock had closed at $94.38 on the previous day. The total traded volume was 1,131,147 shares.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.