DJ Avalonbay Communities Inc. Stock Rises Friday, Still Underperforms Market
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Shares of Avalonbay Communities Inc. $(AVB)$ inched 0.07% higher to $226.55 Friday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.25% to 6,090.27 and the Dow Jones Industrial Average falling 0.28% to 44,642.52.
The stock's rise snapped a five-day losing streak.
Avalonbay Communities Inc. closed $12.74 below its 52-week high ($239.29), which the company reached on November 27th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Equity Residential $(EQR)$ rose 0.50% to $73.75, UDR Inc. $(UDR)$ rose 0.25% to $44.84, and Mid-America Apartment Communities Inc. $(MAA)$ fell 0.16% to $158.94.
Data source: Dow Jones Market Data, FactSet. Data compiled December 6, 2024.
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(END) Dow Jones Newswires
December 06, 2024 17:01 ET (22:01 GMT)
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