CubeSmart (CUBE) has risen sharply, recording gains of 2.51% in the past 4 weeks. However, the stock has corrected -3.03% in the past 1 week, providing a good buying opportunity on dips. CubeSmart (CUBE) : During the past 4 weeks, traders have been relatively bearish on CubeSmart (CUBE), hence the stock is down -1.79% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -4.46% relative to the S&P 500. The stock has recorded a 20-day Moving Average of 0.33% and the 50-Day Moving Average is 0.58%.
CubeSmart (NYSE:CUBE): The stock opened at $31.12 on Friday but the bulls could not build on the opening and the stock topped out at $31.17 for the day. The stock traded down to $30.64 during the day, due to lack of any buying support eventually closed down at $30.69 with a loss of -1.57% for the day. The stock had closed at $31.18 on the previous day. The total traded volume was 2,054,943 shares.
The company Insiders own 1.13% of CubeSmart shares according to the proxy statements. 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).