DJ Avalonbay Communities Inc. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Avalonbay Communities Inc. $(AVB)$ slipped 0.75% to $210.77 Friday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.54% to 5,827.04 and Dow Jones Industrial Average falling 1.63% to 41,938.45.
Avalonbay Communities Inc. closed $28.52 short of its 52-week high ($239.29), which the company reached on November 27th.
Despite its losses, the stock outperformed some of its competitors Friday, as Equity Residential $(EQR)$ fell 0.80% to $66.98, UDR Inc. $(UDR)$ fell 1.73% to $40.09, and Mid-America Apartment Communities Inc. $(MAA)$ fell 0.77% to $148.19.
Trading volume (851,937) eclipsed its 50-day average volume of 623,488.
Data source: Dow Jones Market Data, FactSet. Data compiled January 10, 2025.
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(END) Dow Jones Newswires
January 10, 2025 17:03 ET (22:03 GMT)
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