DJ Avalonbay Communities Inc. Stock Underperforms Monday When Compared To Competitors Despite Daily Gains
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Shares of Avalonbay Communities Inc. $(AVB)$ inched 0.41% higher to $232.90 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.30% to 5,987.37 and the Dow Jones Industrial Average rising 0.99% to 44,736.57.
This was the stock's third consecutive day of gains.
Avalonbay Communities Inc. closed $3.36 short of its 52-week high ($236.26), which the company reached on September 16th.
The stock underperformed when compared to some of its competitors Monday, as Equity Residential $(EQR)$ rose 0.82% to $76.41, UDR Inc. $(UDR)$ rose 1.06% to $45.57, and Mid-America Apartment Communities Inc. $(MAA)$ rose 0.65% to $161.98.
Trading volume (977,377) eclipsed its 50-day average volume of 680,612.
Data source: Dow Jones Market Data, FactSet. Data compiled November 25, 2024.
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(END) Dow Jones Newswires
November 25, 2024 17:01 ET (22:01 GMT)
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