Shares of Public Storage PSA rallied 1.93% to $242.34 Tuesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 0.13% to 3,881.37 and the Dow Jones Industrial Average DJIA rising 0.05% to 31,537.35. This was the stock's second consecutive day of gains. Public Storage hit a new 52-week high, surpassing its previous peak of $240.75, which the company reached on November 4th.
The stock underperformed when compared to some of its competitors Tuesday, as Extra Space Storage Inc. EXR rose 4.77% to $126.50, Life Storage Inc. LSI rose 1.97% to $85.61, and PS Business Parks Inc. PSB rose 3.31% to $148.14. Trading volume (789,796) remained 102,857 below its 50-day average volume of 892,653.