DJ $Public Storage(PSA-N)$ Stock Underperforms Thursday When Compared To Competitors
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Shares of Public Storage $(PSA)$ slid 1.33% to $258.68 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.46% to 5,048.42 and Dow Jones Industrial Average falling 0.98% to 38,085.80.
This was the stock's second consecutive day of losses.
Public Storage closed $53.57 short of its 52-week high ($312.25), which the company achieved on January 2nd.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Extra Space Storage Inc. $(EXR.UK)$ fell 0.60% to $133.83 and CubeSmart (CUBE) fell 1.76% to $41.38.
Trading volume (598,405) remained 131,062 below its 50-day average volume of 729,467.
Data source: Dow Jones Market Data, FactSet. Data compiled April 25, 2024.
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(END) Dow Jones Newswires
April 25, 2024 16:54 ET (20:54 GMT)
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