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The Company is a fully integrated, self-administered and self-managed REIT that acquires, develops, owns and operates self-storage facilities.
PSA had nearly 900,000 trades on Monday, that's an incredible number. The stock has been steadily dropping for months, but that amount of trades suggests that those who are just now selling are getting a lot of takers -- hoping to profit on a down stock as it starts its upswing again very soon. Indeed, public storage is usually a good performer during down times given the rise in foreclosures and the need for some place --at a mere $50 or so per month -- to store their belongings.
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