DJ $Public Storage(PSA-N)$ Stock Outperforms Competitors Despite Losses On The Day
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Shares of Public Storage $(PSA)$ slid 5.96% to $275.85 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.95% to 5,160.64 and Dow Jones Industrial Average falling 1.09% to 38,461.51.
The stock's fall snapped a four-day winning streak.
Public Storage closed $40.63 short of its 52-week high ($316.48), which the company reached on April 12th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Extra Space Storage Inc. $(EXR.UK)$ fell 6.49% to $142.50 and CubeSmart (CUBE) fell 5.65% to $43.94.
Trading volume (834,006) eclipsed its 50-day average volume of 726,932.
Data source: Dow Jones Market Data, FactSet. Data compiled April 10, 2024.
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(END) Dow Jones Newswires
April 10, 2024 16:53 ET (20:53 GMT)
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