Shares of Public Storage PSA rallied 1.66% to $236.37 Tuesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX falling 0.11% to 3,911.23 and Dow Jones Industrial Average DJIA falling 0.03% to 31,375.83. This was the stock's second consecutive day of gains. Public Storage closed $4.38 short of its 52-week high ($240.75), which the company reached on November 4th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Extra Space Storage Inc. EXR rose 2.11% to $119.65, Life Storage Inc. LSI rose 2.18% to $85.96, and PS Business Parks Inc. PSB fell 0.67% to $141.88. Trading volume (680,276) remained 211,176 below its 50-day average volume of 891,452.