Extra Space Storage Inc (EXR) : Mondays money flow data in Extra Space Storage Inc (EXR) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $27.34 million, whereas, $19.76 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.38, in favor of the bulls. The total money flow into the stock was $7.58 million clearly indicating that the smart money has been buying into the stock on weakness.
In comparison, the money flow in block deals was $7.54 million. The total value of block trades done on upticks was $11.51 million. The value of bearish trades on downticks was only $3.98 million.The up/down ratio in the block trades was a healthy 2.9 in favor of the bulls, suggesting strong buying in the stock by large traders. Extra Space Storage Inc (EXR) fell $0.33 and traded at $83.11, down -0.4% for the day, over previous days close. On a weekly basis, the shares are 0.76% over the previous weeks close.
Shares of Extra Space Storage Inc. appreciated by 1% during the last five trading days but lost 10.35% on a 4-week basis. Extra Space Storage Inc. has dropped 10.39% during the last 3-month period . Year-to-Date the stock performance stands at -4.28%.
Extra Space Storage Inc (NYSE:EXR): The stock opened at $83.81 on Monday but the bulls could not build on the opening and the stock topped out at $83.88 for the day. The stock traded down to $83.03 during the day, due to lack of any buying support eventually closed down at $83.11 with a loss of -0.40% for the day. The stock had closed at $83.44 on the previous day. The total traded volume was 1,407,254 shares.
In a related news, Kirk Spencer, director officer (Chief Executive Officer) of Extra Space Storage Inc., unloaded 20,000 shares at an average price of $86.42 on August 1, 2016. The total amount of the transaction was worth $1,728,400, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.