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Feb. 4, 2021, 4:43 p.m. EST

Public Storage stock falls Thursday, underperforms market

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Shares of Public Storage PSA slumped 0.19% to $230.85 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 1.09% to 3,871.74 and the Dow Jones Industrial Average DJIA rising 1.08% to 31,055.86. Public Storage closed $9.90 below its 52-week high ($240.75), which the company achieved on November 4th.

The stock underperformed when compared to some of its competitors Thursday, as Extra Space Storage Inc. EXR rose 0.80% to $116.94, Life Storage Inc. LSI rose 0.96% to $84.41, and PS Business Parks Inc. PSB rose 2.26% to $140.97. Trading volume (1.2 M) eclipsed its 50-day average volume of 911,754.

Editor's Note: This story was auto-generated by Automated Insights using data from Dow Jones and FactSet. See our market data terms of use.

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