Shares of Public Storage PSA advanced 1.38% to $232.51 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX rising 0.74% to 3,915.59 and the Dow Jones Industrial Average DJIA rising 0.76% to 31,385.76. The stock's rise snapped a two-day losing streak. Public Storage closed $8.24 below its 52-week high ($240.75), which the company achieved on November 4th.
The stock outperformed some of its competitors Monday, as Extra Space Storage Inc. EXR rose 0.48% to $117.18, Life Storage Inc. LSI rose 0.06% to $84.13, and PS Business Parks Inc. PSB rose 0.73% to $142.84. Trading volume (522,774) remained 370,152 below its 50-day average volume of 892,926.