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Feb. 24, 2021, 4:44 p.m. EST

Public Storage stock rises Wednesday, still underperforms market

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Shares of Public Storage PSA inched 0.11% higher to $242.61 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX rising 1.14% to 3,925.43 and the Dow Jones Industrial Average DJIA rising 1.35% to 31,961.86. This was the stock's third consecutive day of gains. Public Storage closed $3.60 below its 52-week high ($246.21), which the company reached on February 23rd.

The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Extra Space Storage Inc. EXR rose 0.47% to $127.10, Life Storage Inc. LSI fell 1.72% to $84.14, and PS Business Parks Inc. PSB fell 0.90% to $146.81. Trading volume (801,015) remained 88,928 below its 50-day average volume of 889,943.

Editor's Note: This story was auto-generated by Automated Insights using data from Dow Jones and FactSet. See our market data terms of use.

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