DJ Avalonbay Communities Inc. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Avalonbay Communities Inc. $(AVB)$ sank 0.54% to $228.14 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index remaining mostly unchanged at 5,917.11 and the Dow Jones Industrial Average rising 0.32% to 43,408.47.
Avalonbay Communities Inc. closed $8.12 below its 52-week high ($236.26), which the company reached on September 16th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Equity Residential $(EQR)$ fell 0.78% to $73.92, UDR Inc. $(UDR)$ fell 0.36% to $44.34, and Mid-America Apartment Communities Inc. $(MAA)$ fell 0.25% to $157.74.
Trading volume (428,601) remained 278,708 below its 50-day average volume of 707,309.
Data source: Dow Jones Market Data, FactSet. Data compiled November 20, 2024.
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(END) Dow Jones Newswires
November 20, 2024 17:01 ET (22:01 GMT)
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