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Should You Buy CubeSmart (CUBE) Stock After it Has Risen 2.69% in a Week?

Friday, October 22, 2021 10:57 AM | InvestorsObserver Analysts

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Should You Buy CubeSmart (CUBE) Stock After it Has Risen 2.69% in a Week?

The market has been high on CubeSmart (CUBE) stock recently. CUBE gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
CubeSmart has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CUBE!

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With CUBE Stock Today?

CubeSmart (CUBE) stock is trading at $53.50 as of 10:51 AM on Friday, Oct 22, a rise of $0.84, or 1.6% from the previous closing price of $52.66. The stock has traded between $52.76 and $53.52 so far today. Volume today is less active than usual. So far 587,567 shares have traded compared to average volume of 861,409 shares.

More About CubeSmart

CubeSmart is a real estate investment trust that acquires, owns, and manages self-storage facilities throughout the United States. The company's real estate portfolio is composed of buildings with numerous enclosed storage areas for both residential and commercial customers to rent mainly on a month-by-month basis. Most of CubeSmart's facilities are located in Florida, Texas, California, New York, and Illinois. Cumulatively, these states account for both the majority of the square footage in the company's real estate portfolio and the majority of its revenue. CubeSmart derives nearly all of its revenue from rental income from tenants utilizing its storage facilities. Click Here to get the full Stock Report for CubeSmart stock.

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