Extra Space Storage Inc (EXR) has been under a strong bear grip, hence the stock is down -0.62% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.96% in the past 1 week. The stock has risen by 2.48% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.75% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.09% and the 50-Day Moving Average is 5.91%.The 200 Day SMA reached 5.84%. Extra Space Storage Inc. has dropped 10.14% during the last 3-month period . Year-to-Date the stock performance stands at -5.72%.
Extra Space Storage Inc (NYSE:EXR): After opening at $81.35, the stock dipped to an intraday low of $81.24 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $82.64 and the buying power remained strong till the end. The stock closed at $81.86 for the day, a gain of 1.05% for the day session. The total traded volume was 656,484. The stocks close on the previous trading day was $81.01.
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.