DJ Mid-America Apartment Communities Inc. Stock Underperforms Tuesday When Compared To Competitors
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Shares of Mid-America Apartment Communities Inc. $(MAA)$ dropped 0.86% to $130.00 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.57% to 5,035.69 and Dow Jones Industrial Average falling 1.49% to 37,815.92.
The stock's fall snapped a two-day winning streak.
Mid-America Apartment Communities Inc. closed $28.46 below its 52-week high ($158.46), which the company reached on July 12th.
The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Avalonbay Communities Inc. $(AVB)$ fell 0.76% to $189.57, Equity Residential $(EQR)$ fell 1.38% to $64.40, and UDR Inc. $(UDR)$ fell 0.55% to $38.08.
Trading volume (1.0 M) eclipsed its 50-day average volume of 729,479.
Data source: Dow Jones Market Data, FactSet. Data compiled April 30, 2024.
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(END) Dow Jones Newswires
April 30, 2024 17:16 ET (21:16 GMT)
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