Shares of Public Storage PSA slid 1.03% to $230.30 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 1.39% to 3,826.31 and the Dow Jones Industrial Average DJIA rising 1.57% to 30,687.48. The stock's fall snapped a two-day winning streak. Public Storage closed $10.45 short of its 52-week high ($240.75), which the company achieved on November 4th.
The stock underperformed when compared to some of its competitors Tuesday, as Extra Space Storage Inc. EXR rose 0.43% to $117.12, Life Storage Inc. LSI fell 0.88% to $82.38, and PS Business Parks Inc. PSB rose 1.58% to $140.88. Trading volume (949,328) eclipsed its 50-day average volume of 922,385.