DJ Avalonbay Communities Inc. Stock Underperforms Wednesday When Compared To Competitors Despite Daily Gains
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Shares of Avalonbay Communities Inc. $(AVB)$ rose 1.26% to $233.11 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.02% to 5,985.38 and the Dow Jones Industrial Average rising 0.11% to 43,958.19.
The stock's rise snapped a two-day losing streak.
Avalonbay Communities Inc. closed $3.15 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 Wednesday, as Equity Residential $(EQR)$ rose 2.18% to $74.64, UDR Inc. $(UDR)$ rose 2.08% to $45.19, and Mid-America Apartment Communities Inc. $(MAA)$ rose 0.99% to $161.34.
Data source: Dow Jones Market Data, FactSet. Data compiled November 13, 2024.
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November 13, 2024 17:01 ET (22:01 GMT)
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