Published on 23 Jun 2022 on Market Watch
Shares of Public Storage inched 0.63% higher to $308.17 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.95% to 3,795.73 and the Dow Jones Industrial Average rising 0.64% to 30,677.36. This was the stock's third consecutive day of gains. Public Storage closed $113.59 short of 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 Thursday, as Extra Space Storage Inc. rose 1.96% to $167.88, Life Storage Inc. rose 1.49% to $109.66, and PS Business Parks Inc. rose 0.38% to $186.85. Trading volume (755,647) remained 51,525 below its 50-day average volume of 807,172.