DJ Avalonbay Communities Inc. Stock Outperforms Competitors On Strong Trading Day
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Shares of Avalonbay Communities Inc. $(AVB)$ rallied 1.03% to $237.81 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.38% to 5,998.74 and Dow Jones Industrial Average falling 0.31% to 44,722.06.
This was the stock's fifth consecutive day of gains.
Avalonbay Communities Inc. hit a new 52-week high, surpassing its previous peak of $236.49, which the company reached on November 26th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Equity Residential $(EQR)$ rose 0.49% to $77.48, UDR Inc. $(UDR)$ rose 0.85% to $46.33, and Mid-America Apartment Communities Inc. $(MAA)$ rose 1.25% to $165.20.
Trading volume (532,297) remained 151,243 below its 50-day average volume of 683,540.
Data source: Dow Jones Market Data, FactSet. Data compiled November 27, 2024.
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(END) Dow Jones Newswires
November 27, 2024 17:01 ET (22:01 GMT)
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