Shares of Public Storage PSA rallied 2.70% to $325.88 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 1.71% to 4,438.26 and the Dow Jones Industrial Average DJIA rising 1.56% to 34,912.56. This was the stock's fourth consecutive day of gains. Public Storage closed $7.07 below its 52-week high ($332.95), which the company reached on September 8th.
The stock outperformed some of its competitors Thursday, as Extra Space Storage Inc. EXR rose 2.19% to $183.70, Life Storage Inc. LSI rose 1.79% to $125.61, and PS Business Parks Inc. PSB rose 1.77% to $173.52. Trading volume (755,168) eclipsed its 50-day average volume of 660,033.