DJ Avalonbay Communities Inc. Stock Outperforms Competitors On Strong Trading Day
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Shares of Avalonbay Communities Inc. $(AVB)$ rose 2.50% to $233.75 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.38% to 5,995.54 and the Dow Jones Industrial Average rising 0.59% to 43,988.99.
This was the stock's second consecutive day of gains.
Avalonbay Communities Inc. closed $2.51 short of its 52-week high ($236.26), which the company reached on September 16th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Equity Residential $(EQR)$ rose 2.42% to $73.53, UDR Inc. $(UDR)$ rose 2.16% to $44.48, and Mid-America Apartment Communities Inc. $(MAA)$ rose 2.88% to $159.14.
Trading volume (782,637) eclipsed its 50-day average volume of 774,930.
Data source: Dow Jones Market Data, FactSet. Data compiled November 8, 2024.
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November 08, 2024 17:01 ET (22:01 GMT)
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