DJ Equity Residential Stock Rises Friday, Still Underperforms Market
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Shares of Equity Residential $(EQR)$ inched 0.40% higher to $65.14 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.02% to 5,099.96 and the Dow Jones Industrial Average rising 0.40% to 38,239.66.
This was the stock's eighth consecutive day of gains.
Equity Residential closed $4.31 short of its 52-week high ($69.45), which the company achieved on July 24th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Avalonbay Communities Inc. $(AVB)$ rose 0.07% to $191.45, UDR Inc. $(UDR)$ fell 0.16% to $37.91, and Mid-America Apartment Communities Inc. $(MAA)$ rose 1.60% to $129.23.
Trading volume (2.8 M) eclipsed its 50-day average volume of 2.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled April 26, 2024.
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(END) Dow Jones Newswires
April 26, 2024 17:05 ET (21:05 GMT)
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