Executives from Sovran Self Storage Inc. sold thousands of shares this week after the company's stock traded at a new 52-week high.
On Monday, chief operating officer Kenneth Myszka sold 4,000 shares at an average price of $39.52 a share. David Rogers, chief financial officer, sold 10,000 shares at an average of $39.25. The next day, CEO Robert Attea sold 20,000 shares at an average price of $39.50 per share.
Approximately 150,000 Sovran shares traded hands on May 10, with the price reaching as high as $40.09 per share. The average 30-day volume for Sovran is 170,000 shares. The stock closed at $39.55, approximately 5.3 percent above its previous closing price.
Shares of Sovran stock are currently trading above their 50-day moving average of $35.40 and their 200-day moving average of $32.47.
GuruFocus.com, Sovran Self Storage Inc. (sss) COO Kenneth F Myszka sells 4,000 Shares
Comtex SmarTrend, Recent 52-Week High Exceeded in Shares of Sovran Self Storage (SSS)