DJ $Public Storage(PSA-N)$ Stock Outperforms Competitors Despite Losses On The Day
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Shares of Public Storage $(PSA)$ shed 4.30% to $299.88 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 2.95% to 5,872.16 and Dow Jones Industrial Average falling 2.58% to 42,326.87.
This was the stock's seventh consecutive day of losses.
Public Storage closed $70.11 below its 52-week high ($369.99), which the company achieved on October 1st.
Despite its losses, the stock outperformed some of its competitors Wednesday, as Extra Space Storage Inc. $(EXR.UK)$ fell 4.42% to $147.66 and CubeSmart (CUBE) fell 4.90% to $43.31.
Trading volume (864,871) eclipsed its 50-day average volume of 706,757.
Data source: Dow Jones Market Data, FactSet. Data compiled December 18, 2024.
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(END) Dow Jones Newswires
December 18, 2024 16:51 ET (21:51 GMT)
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