Large Inflow of Money Detected in CubeSmart

CubeSmart (CUBE) : Wednesdays money flow data in CubeSmart (CUBE) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $21.92 million, whereas, $16.06 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.37, in favor of the bulls. The total money flow into the stock was $5.86 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $5.98 million. The total value of block trades done on upticks was $14.18 million. The value of bearish trades on downticks was only $8.2 million.The up/down ratio in the block trades was a healthy 1.73 in favor of the bulls, suggesting strong buying in the stock by large traders. CubeSmart (CUBE) fell $0.05 and traded at $30.82, down -0.16% for the day, over previous days close. On a weekly basis, the shares are 0.42% over the previous weeks close.


Also, DA Davidson initiates coverage on CubeSmart (NYSE:CUBE) The current rating of the shares is Neutral. Equity Analysts at the Firm announces the price target to $35 per share. The rating by the firm was issued on June 24, 2016.

CubeSmart (NYSE:CUBE): The stock opened at $30.97 on Wednesday but the bulls could not build on the opening and the stock topped out at $31.81 for the day. The stock traded down to $30.56 during the day, due to lack of any buying support eventually closed down at $30.82 with a loss of -0.16% for the day. The stock had closed at $30.87 on the previous day. The total traded volume was 2,747,475 shares.

The stock has recorded a 20-day Moving Average of 0.21% and the 50-Day Moving Average is 0.05%. In a related news, The officer (CFO), of Cubesmart, Martin Timothy M had unloaded 110,046 shares at $26.23 per share in a transaction on August 10, 2015. The total value of transaction was $2,886,507. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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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