Shares of CubeSmart (NYSE:CUBE) Sees Large Inflow of Net Money Flow

CubeSmart (NYSE:CUBE) witnessed a selling pressure and the shares last traded with a loss of -0.09 points or -0.3% at $29.82. Investors jumped in to buy the shares on weakness. The net money flow till latest update was calculated at $21.13 million with an inflow of $28.41 million in upticks and an outflow of $7.28 million in downticks. Using the data, the up/down ratio is found to be 3.9. The share price has recorded 0.81% on a weekly basis.A block trade of $22.91 million in uptick and $2.78 million in downtick was also observed, resulting in an up/down ratio of 8.24. The net money flow of the block trade stood at a $20.13, signaling heavy buying.

Shares of CubeSmart appreciated by 1.22% during the last five trading days but lost 5.58% on a 4-week basis. CubeSmart has dropped 7.32% during the last 3-month period . Year-to-Date the stock performance stands at -1.6%.

Currently the company Insiders own 1.13% of CubeSmart shares according to the proxy statements. . On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (CFO) of Cubesmart, Martin Timothy M had sold 110,046 shares worth of $2,886,507 in a transaction dated August 10, 2015. In this transaction, 110,046 shares were sold at $26.23 per share.

CubeSmart (NYSE:CUBE) rose 0.1% or 0.03 points on Friday and made its way into the gainers of the day. After trading began at $29.97 the stock was seen hitting $29.97 as a peak level and $29.45 as the lowest level. The stock ended up at $29.94. The daily volume was measured at 4,190,255 shares. The 52-week high of the share price is $33.52 and the 52-week low is $22.86. The company has a market cap of $5,315 million.

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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