Published on 22 Jun 2022 on Market Watch
Public Storage stock rises Tuesday, still underperforms market
Shares of Public Storage advanced 1.19% to $302.09 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 2.45% to 3,764.79 and the Dow Jones Industrial Average rising 2.15% to 30,530.25. The stock's rise snapped a two-day losing streak. Public Storage closed $119.67 below its 52-week high ($421.76), which the company reached on April 21st.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Extra Space Storage Inc. rose 1.47% to $161.82, Life Storage Inc. rose 0.92% to $106.20, and PS Business Parks Inc. rose 0.04% to $186.00. Trading volume (595,332) remained 207,648 below its 50-day average volume of 802,980.