The dressing method is a technique to construct new solutions in non-linear sigma models under the provision of a seed solution. This is analogous to the use of autoBacklund transformations for systems of the sine-Gordon type. In a recent work, this method was applied in the sigma model that describes string propagation on $mathbb{R} times mathrm{S}^2$, using as seeds the elliptic classical string solutions. Some of the new solutions that emerge reveal instabilities of their elliptic precursors. The focus of the present work is the fruitful use of the dressing method in the study of the stability of closed string solutions. It establishes an equivalence between the dressing method and the conventional linear stability analysis. More importantly, this equivalence holds true in the presence of appropriate periodicity conditions that closed strings must obey. Our investigations point to the direction of the dressing method being a general tool for the study of the stability of classical string configurations in the diverse class of symmetric spacetimes.