Public Storage stock rises Tuesday, outperforms market

Public Storage stock rises Tuesday, outperforms market

Shares of Public Storage PSA, +0.16% inched 0.16% higher to $273.70 Tuesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX, -0.28% falling 0.28% to 4,387.55 and Dow Jones Industrial Average DJIA, -0.51% falling 0.51% to 34,288.83.

Public Storage closed $77.20 short of its 52-week high ($350.90), which the company achieved on August 26th.

The stock outperformed some of its competitors Tuesday, as Extra Space Storage Inc. EXR, -0.65% fell 0.65% to $126.50 and CubeSmart CUBE, -0.43% fell 0.43% to $41.23.

Trading volume (514,622) remained 355,154 below its 50-day average volume of 869,776.

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