Shares of Public Storage PSA inched 0.31% higher to $243.36 Thursday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX falling 2.45% to 3,829.34 and Dow Jones Industrial Average DJIA falling 1.75% to 31,402.01. This was the stock's fourth consecutive day of gains. Public Storage closed $2.85 below its 52-week high ($246.21), which the company achieved on February 23rd.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Extra Space Storage Inc. EXR rose 1.91% to $129.53, Life Storage Inc. LSI rose 0.58% to $84.63, and PS Business Parks Inc. PSB fell 0.40% to $146.22. Trading volume (816,088) remained 59,162 below its 50-day average volume of 875,250.