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Updated · MarketWatch · Apr 30Public Storage shares rise and end four-day losing streak
4 articles · Updated · MarketWatch · Apr 30
- The stock climbed 2.84% to $302.45 on Thursday, as the S&P 500 gained 1.02% to 7,209.01 and the Dow rose 1.62% to 49,652.14.
- Public Storage outperformed self-storage rivals Extra Space Storage and CubeSmart, while GEO Group fell 2.32% in the same session.
- The shares finished 3.53% below their 52-week high of $313.51 reached on 21 April, while trading volume of 1.2 million matched its 50-day average.
With ICE rapidly expanding detention, can GEO Group's stock rebound despite recent analyst downgrades? Can Public Storage's AI strategy reverse declining revenues amid a challenging market oversupply? Why are investors buying into oversupplied Sunbelt storage markets despite falling rental rates?