Shares of Public Storage PSA slipped 3.87% to $233.94 Friday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX falling 0.48% to 3,811.15 and Dow Jones Industrial Average DJIA falling 1.50% to 30,932.37. The stock's fall snapped a four-day winning streak. Public Storage closed $12.58 below its 52-week high ($246.52), which the company achieved on February 25th.
The stock underperformed when compared to some of its competitors Friday, as Extra Space Storage Inc. EXR fell 2.96% to $125.70, Life Storage Inc. LSI fell 0.86% to $83.90, and PS Business Parks Inc. PSB fell 0.93% to $144.86. Trading volume (1.1 M) eclipsed its 50-day average volume of 846,149.