DJ Avalonbay Communities Inc. Stock Outperforms Competitors On Strong Trading Day
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Shares of Avalonbay Communities Inc. $(AVB)$ inched 0.48% higher to $227.50 Monday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.38% to 6,074.08 and the Dow Jones Industrial Average falling 0.25% to 43,717.48.
Avalonbay Communities Inc. closed $11.79 short of 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 Monday, as Equity Residential $(EQR)$ rose 0.25% to $73.46, UDR Inc. $(UDR)$ rose 0.61% to $44.74, and Mid-America Apartment Communities Inc. $(MAA)$ rose 0.85% to $158.55.
Trading volume (464,583) remained 137,172 below its 50-day average volume of 601,755.
Data source: Dow Jones Market Data, FactSet. Data compiled December 16, 2024.
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(END) Dow Jones Newswires
December 16, 2024 17:01 ET (22:01 GMT)
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