Large Inflow of Money Witnessed in Extra Space Storage Inc

Extra Space Storage Inc (NYSE:EXR) : The money flow analysis of Extra Space Storage Inc (NYSE:EXR) indicates a $14.12 million of outflow was on downticks, whereas, the investors on Wednesday gobbled up stocks worth $21.6 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.53 and so was the total money flow at $7.47 million. The bulls lapped up $7.03 million worth of block trades on upticks. The money flow was $7.03 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Extra Space Storage Inc (NYSE:EXR), pushing it down by -0.13% for the day. The stock slid $0.12 and traded at $91.36 during the day. Nonetheless, the stock is 5.17% over the previous weeks close.


In an insider trading activity,The director officer (Chief Executive Officer) of Extra Space Storage Inc., Kirk Spencer sold 20,000 shares at $93 on June 1, 2016. The Insider selling transaction had a total value worth of $1,860,000. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 4.13% of Extra Space Storage Inc shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -9.29% . Institutional Investors own 99.08% of Extra Space Storage Inc shares. During last six month period, the net percent change held by insiders has seen a change of -18.43%.

The company shares have rallied 36.88% from its 1 Year high price. On Jun 3, 2016, the shares registered one year high at $94.81 and the one year low was seen on Jul 1, 2015. The 50-Day Moving Average price is $90.59 and the 200 Day Moving Average price is recorded at $88.58. Extra Space Storage Inc (NYSE:EXR): The stock opened at $91.63 on Wednesday but the bulls could not build on the opening and the stock topped out at $92.46 for the day. The stock traded down to $91.01 during the day, due to lack of any buying support eventually closed down at $91.36 with a loss of -0.13% for the day. The stock had closed at $91.48 on the previous day. The total traded volume was 943,475 shares.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.