DJ Avalonbay Communities Inc. Stock Outperforms Competitors On Strong Trading Day
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Shares of Avalonbay Communities Inc. $(AVB)$ rose 1.23% to $195.18 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.03% to 5,180.74 and the Dow Jones Industrial Average rising 0.46% to 38,852.27.
This was the stock's third consecutive day of gains.
Avalonbay Communities Inc. closed $3.48 short of its 52-week high ($198.66), which the company reached on July 24th.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Equity Residential $(EQR)$ rose 1.23% to $66.72, UDR Inc. $(UDR)$ rose 1.73% to $38.89, and Mid-America Apartment Communities Inc. $(MAA)$ rose 2.87% to $136.82.
Trading volume (505,426) remained 242,142 below its 50-day average volume of 747,568.
Data source: Dow Jones Market Data, FactSet. Data compiled May 6, 2024.
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(END) Dow Jones Newswires
May 06, 2024 17:04 ET (21:04 GMT)
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