Large Outflow of Money Witnessed in CubeSmart

CubeSmart (CUBE) : Money flow in the CubeSmart (CUBE) stock was negative (1.34 million) on Wednesday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $3.01 million, compared to $4.35 million on downticks. The total uptick to downtick ratio was 0.69, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($1.76 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $1.76 million, indicating persistent selling. CubeSmart (CUBE) traded $0.2 higher at $28.19 gaining 0.71% over the previous days close.


Shares of CubeSmart rose by 4.11% in the last five trading days and 3.08% for the last 4 weeks. CubeSmart has dropped 8.11% during the last 3-month period . Year-to-Date the stock performance stands at -6.97%.

CubeSmart (CUBE) : 11 analysts are covering CubeSmart (CUBE) and their average rating on the stock is 1.82, which is read as a Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. CubeSmart (CUBE) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

CubeSmart (NYSE:CUBE): The stock opened at $28.07 and touched an intraday high of $28.23 on Wednesday. During the day, the stock corrected to an intraday low of $27.96, however, the bulls stepped in and pushed the price higher to close in the green at $28.11 with a gain of 0.43% for the day. The total traded volume for the day was 1,350,148. The stock had closed at $27.99 in the previous trading session.

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).

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