Shares of Public Storage PSA inched 0.40% higher to $235.00 Thursday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX falling 0.44% to 3,913.97 and Dow Jones Industrial Average DJIA falling 0.38% to 31,493.34. This was the stock's second consecutive day of gains. Public Storage closed $5.75 short of its 52-week high ($240.75), which the company achieved on November 4th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Extra Space Storage Inc. EXR rose 0.47% to $118.33, Life Storage Inc. LSI fell 0.27% to $81.91, and PS Business Parks Inc. PSB fell 1.22% to $143.16. Trading volume (613,625) remained 275,419 below its 50-day average volume of 889,044.