Published on 2 Jun 2022 on Market Watch
Public Storage stock underperforms Wednesday when compared to competitors
Shares of Public Storage sank 0.01% to $330.62 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.75% to 4,101.23 and Dow Jones Industrial Average falling 0.54% to 32,813.23. This was the stock's second consecutive day of losses. Public Storage closed $91.14 short of its 52-week high ($421.76), which the company achieved on April 21st.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Extra Space Storage Inc. rose 0.25% to $178.65, Life Storage Inc. rose 0.94% to $117.86, and PS Business Parks Inc. fell 0.02% to $187.60. Trading volume (735,529) remained 44,106 below its 50-day average volume of 779,635.