Shares of Public Storage PSA, -0.46% slipped 0.46% to $291.34 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, +1.19% rising 1.19% to 3,797.34 and the Dow Jones Industrial Average DJIA, +1.34% rising 1.34% to 31,499.62. This was the stock’s second consecutive day of losses. Public Storage closed $130.42 below its 52-week high ($421.76), which the company achieved on April 21st.
Despite its losses, the stock outperformed some of its competitors Monday, as Extra Space Storage Inc. EXR, -0.57% fell 0.57% to $165.01 and Life Storage Inc. LSI, -1.04% fell 1.04% to $101.17. Trading volume (772,061) remained 6,920 below its 50-day average volume of 778,981.