Large Inflow of Money Witnessed in Sovran Self Storage

Sovran Self Storage (NYSE:SSS): $1.6 million was the positive money flow into the stock on Wednesday and the up/down ratio of ticks was also in favor of the bulls at 1.12. The value of trades done on upticks was $14.88 million, whereas, trades done on downticks were valued at $13.29 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 $3.16 million worth stocks on upticks, which is a bullish indication. The money flow in block trades was $3.16 million. Sovran Self Storage (NYSE:SSS) fell $1.31 traded at $104.49, a change of -1.24% over the previous day. The stock is 1.94% for the week.


In an insider trading activity, The director officer (President), of Sovran Self Storage Inc, Myszka Kenneth F had unloaded 1,384 shares at $100.04 per share in a transaction on December 11, 2015. The total value of transaction was $138,455. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 2.3% of Sovran Self Storage shares according to the proxy statements. Institutional Investors own 78.35% of Sovran Self Storage shares.

The company shares have rallied 19.22% from its 1 Year high price. On Mar 30, 2016, the shares registered one year high at $118.18 and the one year low was seen on Sep 4, 2015. The 50-Day Moving Average price is $106.45 and the 200 Day Moving Average price is recorded at $108.88. Sovran Self Storage (NYSE:SSS): The stock opened at $106.41 on Wednesday but the bulls could not build on the opening and the stock topped out at $107.15 for the day. The stock traded down to $104.10 during the day, due to lack of any buying support eventually closed down at $104.49 with a loss of -1.24% for the day. The stock had closed at $105.80 on the previous day. The total traded volume was 545,099 shares.

Sovran Self Storage, Inc. (Sovran) is a self-administered and self-managed real estate investment trust (REIT). The Company acquires, owns and manages self-storage properties. As of December 31, 2014, it held ownership interests in, leased, and/or managed 518 properties consisting of approximately 35.5 million net rentable square feet, situated in 25 states. Among its 518 self-storage properties are 39 properties that it manages for an unconsolidated joint venture of , which the Company is a 20% owner, 30 properties that it manages for an unconsolidated joint venture of , which the Company is a 15% owner, 17 properties that it manages and in , which the Company has no ownership interest, and four properties that it leases. The Companys properties conduct business under the name Uncle Bobs Self-Storage. As of December 31, 2014, the Company owns an indirect interest in 497 of the Properties through a limited partnership.

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