DJ Avalonbay Communities Inc. Stock Underperforms Monday When Compared To Competitors
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Shares of Avalonbay Communities Inc. $(AVB)$ shed 0.66% to $232.21 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.10% to 6,001.35 and the Dow Jones Industrial Average rising 0.69% to 44,293.13.
The stock's fall snapped a two-day winning streak.
Avalonbay Communities Inc. closed $4.05 below its 52-week high ($236.26), which the company reached on September 16th.
The stock underperformed when compared to some of its competitors Monday, as Equity Residential $(EQR)$ fell 0.04% to $73.50, UDR Inc. $(UDR)$ rose 0.36% to $44.64, and Mid-America Apartment Communities Inc. $(MAA)$ rose 0.55% to $160.01.
Trading volume (531,972) remained 248,168 below its 50-day average volume of 780,140.
Data source: Dow Jones Market Data, FactSet. Data compiled November 11, 2024.
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November 11, 2024 17:00 ET (22:00 GMT)
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