Insider Sale at Extra Space Storage (EXR) Continues Selling Trend

Wednesday, October 04, 2017 10:15 PM ET

Insider Sale at Extra Space Storage (EXR) Continues Selling Trend

An insider — Spencer Kirk, Director — sold 20,000 shares of Extra Space Storage having a market value of approximately $1,592,828 today, as revealed in a form 4 document filed with the SEC. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 43,900 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 63,900 shares and have averaged 21,300 shares per transaction over this time period.

During the last 90 days, the number of insider buy/sell trades at Extra Space Storage is above the 6-company peer group average. Self-Storage REITs peer group saw 12 buy/sell trades during this period for an average of 2.0 transactions per company. The number of shares per buy/sell trade for Extra Space Storage insiders was also higher. Within the peer group there were 8,530 shares purchased and 73,900 shares sold with company insiders having sold 5,448 shares on average.

To bring into focus significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated in data obtained to create and write this story.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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