DJ Avalonbay Communities Inc. Stock Rises Friday, Still Underperforms Market
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Shares of Avalonbay Communities Inc. $(AVB)$ advanced 1.42% to $226.18 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.59% to 5,954.50 and the Dow Jones Industrial Average rising 1.39% to 43,840.91.
This was the stock's second consecutive day of gains.
Avalonbay Communities Inc. closed 5.48% short of its 52-week high of $239.29, which the company reached on November 27th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Equity Residential $(EQR)$ rose 0.67% to $74.17, UDR Inc. $(UDR)$ rose 1.89% to $45.18, and Mid-America Apartment Communities Inc. $(MAA)$ rose 0.73% to $168.12.
Trading volume (1.0 M) eclipsed its 50-day average volume of 631,448.
Data source: Dow Jones Market Data, FactSet. Data compiled February 28, 2025.
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February 28, 2025 16:57 ET (21:57 GMT)
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