Shares of Public Storage PSA sank 0.65% to $229.34 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 0.39% to 3,886.83 and the Dow Jones Industrial Average DJIA rising 0.30% to 31,148.24. This was the stock's second consecutive day of losses. Public Storage closed $11.41 short of its 52-week high ($240.75), which the company achieved on November 4th.
The stock underperformed when compared to some of its competitors Friday, as Extra Space Storage Inc. EXR fell 0.27% to $116.62, Life Storage Inc. LSI fell 0.39% to $84.08, and PS Business Parks Inc. PSB rose 0.60% to $141.81. Trading volume (754,964) remained 148,893 below its 50-day average volume of 903,857.