Large Inflow of Money Witnessed in Public Storage

Public Storage (PSA): $17.4 million was the positive money flow into the stock on Thursday and the up/down ratio of ticks was also in favor of the bulls at 1.46. The value of trades done on upticks was $54.91 million, whereas, trades done on downticks were valued at $37.51 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $14.24 million worth stocks on upticks, which is a bullish indication. The money flow in block trades was $14.24 million. Public Storage (PSA) fell $4.35 traded at $253.78, a change of -1.69% over the previous day. The stock is -0.02% for the week.


Public Storage (PSA) : 11 Wall Street analysts covering Public Storage (PSA) believe that the average level the stock could reach for the short term is $256.23. The maximum price target given is $289 and the minimum target for short term is around $224, hence the standard deviation is calculated at $20.95. The stock has recorded a 20-day Moving Average of 2.94% and the 50-Day Moving Average is 0.99%.

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 $252.35 during the day, due to lack of any buying support eventually closed down at $253.78 with a loss of -1.69% for the day. The stock had closed at $258.13 on the previous day. The total traded volume was 703,260 shares.

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.

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