Shares of Public Storage (PSA) Sees Large Inflow of Net Money Flow

Public Storage (PSA) : Tuesdays money flow indicated an uptick to downtick ratio was at 1.23. The total value of inflow transactions on upticks was $47.7 million, whereas, the total value of outflow trades on downticks was $38.67 million. The total money flow was $9.03 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $11.09 million. The total value of the trades done on upticks was $11.09 million. Public Storage (PSA) was trading with a -0.3% change over previous days close. It fell $0.76 during the day and reached $255.8. The stock was -0.6% compared to the previous weeks close.


The company Insiders own 14.2% of Public Storage shares according to the proxy statements. Institutional Investors own 85.67% of Public Storage shares. During last six month period, the net percent change held by insiders has seen a change of -6.47%. In an insider trading activity, Hughes B Wayne Jr, director 10% owner of Public Storage, executed a transaction worth $5,578,482 on June 8, 2016. A total of 22,100 shares were purchased at an average price of $252.42. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Public Storage has dropped 1.52% in the last five trading days, however, the shares have posted positive gains of 6.59% in the last 4 weeks. Public Storage has dropped 6.68% during the last 3-month period . Year-to-Date the stock performance stands at 4.74%.

Public Storage (NYSE:PSA): On Tuesdays trading session , Opening price of the stock was $256.49 with an intraday high of $257.7. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $253.03. However, the stock managed to close at $255.8, a loss of 0.30% for the day. On the previous day, the stock had closed at $256.56. The total traded volume of the day was 625,801 shares.

Public Storage (the Trust) is a real estate investment trust (REIT). The Trusts principal business activities include Domestic Self-Storage, European Self-Storage and Commercial. The Trust acquires, develops, owns and operates self-storage facilities, which offer storage spaces for lease, on a month-to-month basis, for personal and business use. It has direct and indirect equity interests in self-storage facilities in the United States operating under the Public Storage brand name. The Trust has an around 49% equity interest in Shurgard Self Storage Europe Limited (Shurgard Europe), which owns approximately 192 self-storage facilities (10 million net rentable square feet of space) located in seven countries in Western Europe operated under the Shurgard brand name. The Trust has an around 42% equity interest in PS Business Parks, Inc. (PSB), a publicly held REIT, which owns and operates around 28.6 million net rentable square feet of commercial space.

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