DJ $Public Storage(PSA-N)$ Stock Underperforms Friday When Compared To Competitors Despite Daily Gains
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Shares of Public Storage $(PSA)$ rose 2.82% to $297.50 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.09% to 5,930.85 and the Dow Jones Industrial Average rising 1.18% to 42,840.26.
The stock's rise snapped an eight-day losing streak.
Public Storage closed $72.49 below its 52-week high ($369.99), which the company achieved on October 1st.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Extra Space Storage Inc. $(EXR.UK)$ rose 3.27% to $147.00 and CubeSmart (CUBE) rose 2.20% to $42.66.
Trading volume (2.2 M) eclipsed its 50-day average volume of 725,903.
Data source: Dow Jones Market Data, FactSet. Data compiled December 20, 2024.
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(END) Dow Jones Newswires
December 20, 2024 16:53 ET (21:53 GMT)
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