Shares of Public Storage PSA shed 0.52% to $231.86 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 0.47% to 3,934.83 and the Dow Jones Industrial Average DJIA rising 0.09% to 31,458.40. This was the stock's third consecutive day of losses. Public Storage closed $8.89 short of its 52-week high ($240.75), which the company reached on November 4th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Extra Space Storage Inc. EXR fell 0.72% to $116.88, Life Storage Inc. LSI fell 2.50% to $82.22, and PS Business Parks Inc. PSB rose 0.89% to $145.08. Trading volume (513,233) remained 385,965 below its 50-day average volume of 899,198.