Is it Time to Dump Public Storage (PSA) Stock After it Has Risen 4.74% in a Week?

Public Storage (PSA) stock is higher by 4.74% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Public Storage has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on PSA!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With PSA Stock Today?

Public Storage (PSA) stock is trading at $315.70 as of 1:33 PM on Wednesday, Oct 13, a rise of $4.39, or 1.41% from the previous closing price of $311.31. The stock has traded between $310.02 and $315.71 so far today. Volume today is light. So far 180,118 shares have traded compared to average volume of 666,143 shares.

More About Public Storage

Public Storage owns and operates over 2,500 self-storage facilities in 38 states, with over 150 million net rentable square feet of storage space. Through equity interests, it also has exposure to the European self-storage market through Shurgard Europe and to an additional 29 million net rentable square feet of commercial space in the United States through PS Business Parks. Click Here to get the full Stock Report for Public Storage stock.