DJ Avalonbay Communities Inc. Stock Underperforms Monday When Compared To Competitors Despite Daily Gains
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Shares of Avalonbay Communities Inc. $(AVB)$ rallied 2.38% to $215.78 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.16% to 5,836.22 and the Dow Jones Industrial Average rising 0.86% to 42,297.12.
Avalonbay Communities Inc. closed $23.51 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 3.33% to $69.21, UDR Inc. $(UDR)$ rose 2.22% to $40.98, and Mid-America Apartment Communities Inc. $(MAA)$ rose 1.35% to $150.19.
Trading volume (583,236) remained 44,426 below its 50-day average volume of 627,662.
Data source: Dow Jones Market Data, FactSet. Data compiled January 13, 2025.
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(END) Dow Jones Newswires
January 13, 2025 17:02 ET (22:02 GMT)
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