Large Inflow of Money Detected in Public Storage

Public Storage (PSA) : Thursdays money flow points at investors jumping to buy the stock on the weakness of price. $45.83 million worth of transactions were on upticks, whereas, the downticks accounted for $37.53 million worth of transactions. The net money flow was a positive $8.3 million and the uptick to downtick ratio was 1.22. The net money flow into the stock was $9.9 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $9.9 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Public Storage (PSA) was trading at $254.07, down $2.38 during day. The stock slid -0.93% over the previous days close. For the week, the stock recorded -1.27% over the previous weeks close.


The stock has recorded a 20-day Moving Average of 1.66% and the 50-Day Moving Average is 0.8%. Shares have rallied 29.79% from its 1 Year high price. On Apr 13, 2016, the shares registered one year high at $277.60 and the one year low was seen on Jul 15, 2015. The 50-Day Moving Average price is $250.43 and the 200 Day Moving Average price is recorded at $254.49.

Public Storage (NYSE:PSA): The stock opened at $257.39 on Thursday but the bulls could not build on the opening and the stock topped out at $257.39 for the day. The stock traded down to $252.07 during the day, due to lack of any buying support eventually closed down at $254.07 with a loss of -0.93% for the day. The stock had closed at $256.45 on the previous day. The total traded volume was 636,617 shares.

In an insider trading activity, Hughes B Wayne Jr, director 10% owner of Public Storage, executed a transaction worth $5,578,482 on June 8, 2016. A total of 22,100 shares were purchased at an average price of $252.42. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Public Storage (the Trust) is a real estate investment trust (REIT). The Trusts principal business activities include Domestic Self-Storage, European Self-Storage and Commercial. The Trust acquires, develops, owns and operates self-storage facilities, which offer storage spaces for lease, on a month-to-month basis, for personal and business use. It has direct and indirect equity interests in self-storage facilities in the United States operating under the Public Storage brand name. The Trust has an around 49% equity interest in Shurgard Self Storage Europe Limited (Shurgard Europe), which owns approximately 192 self-storage facilities (10 million net rentable square feet of space) located in seven countries in Western Europe operated under the Shurgard brand name. The Trust has an around 42% equity interest in PS Business Parks, Inc. (PSB), a publicly held REIT, which owns and operates around 28.6 million net rentable square feet of commercial space.

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.