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

Thursday, November 02, 2017 10:15 PM ET

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

A significant insider sale of the shares of Extra Space Storage was revealed in a form 4 document filed with the SEC today, showing — Spencer Kirk, Director — disposed of 20,000 shares in the company having a market value of approximately $1,627,688. 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 disposition 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.

Extra Space Storage insider trading represents a higher number of buy/sell trades than for the 6 peer company average over the last 90-day period. The Self-Storage REITs peer group saw 11 buy/sell trades during this period for an average of 1.8 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 6,530 shares purchased and 73,900 shares sold with company insiders disposing of 6,125 shares on average.

The data used in creating and writing in this story eliminates 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.

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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