DJ Avalonbay Communities Inc. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Avalonbay Communities Inc. $(AVB)$ shed 1.32% to $217.07 Thursday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.22% to 5,868.55 and Dow Jones Industrial Average falling 0.36% to 42,392.27.
Avalonbay Communities Inc. closed $22.22 below its 52-week high ($239.29), which the company reached on November 27th.
Despite its losses, the stock outperformed some of its competitors Thursday, as Equity Residential $(EQR)$ fell 1.43% to $70.07, UDR Inc. $(UDR)$ fell 2.03% to $42.53, and Mid-America Apartment Communities Inc. $(MAA)$ fell 1.36% to $152.47.
Trading volume (409,209) remained 228,863 below its 50-day average volume of 638,072.
Data source: Dow Jones Market Data, FactSet. Data compiled January 2, 2025.
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(END) Dow Jones Newswires
January 02, 2025 17:03 ET (22:03 GMT)
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