DJ Avalonbay Communities Inc. Stock Underperforms Friday When Compared To Competitors Despite Daily Gains
This article was automatically generated by MarketWatch using technology from Automated Insights.
Shares of Avalonbay Communities Inc. $(AVB)$ inched 0.57% higher to $231.94 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.35% to 5,969.34 and the Dow Jones Industrial Average rising 0.97% to 44,296.51.
This was the stock's second consecutive day of gains.
Avalonbay Communities Inc. closed $4.32 short of its 52-week high ($236.26), which the company reached on September 16th.
The stock underperformed when compared to some of its competitors Friday, as Equity Residential $(EQR)$ rose 0.99% to $75.79, UDR Inc. $(UDR)$ rose 0.62% to $45.09, and Mid-America Apartment Communities Inc. $(MAA)$ rose 1.52% to $160.94.
Trading volume (332,395) remained 353,715 below its 50-day average volume of 686,110.
Data source: Dow Jones Market Data, FactSet. Data compiled November 22, 2024.
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
November 22, 2024 17:01 ET (22:01 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.