Extra Space Storage stock rises but trails competitors
Updated
Updated · MarketWatch · May 6
Extra Space Storage stock rises but trails competitors
9 articles · Updated · MarketWatch · May 6
The shares gained 2.90% to $143.85 on Wednesday, their second straight rise, while the S&P 500 climbed 1.46% and the Dow added 1.24%.
Extra Space Storage lagged Public Storage's 3.40% gain and CubeSmart's 2.83% rise, though it outpaced Weyerhaeuser's 1.43% increase in a broadly positive session.
The stock finished 7.31% below its 52-week high of $155.19 reached on 23 February, and trading volume of 1.1 million was below its 50-day average.
As its stock climbs, is Extra Space Storage facing a crisis over alleged predatory pricing schemes?
Is the company's high dividend a dangerous trap for investors amid growing legal and financial risks?