Shares of Public Storage PSA slumped 0.82% to $229.95 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA rising 0.20% to 31,522.75 and the S&P 500 Index SPX falling 0.06% to 3,932.59. This was the stock's fourth consecutive day of losses. Public Storage closed $10.80 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 Tuesday, as Extra Space Storage Inc. EXR rose 0.27% to $117.19, Life Storage Inc. LSI fell 0.64% to $81.69, and PS Business Parks Inc. PSB fell 0.11% to $144.92. Trading volume (566,311) remained 321,928 below its 50-day average volume of 888,239.