DJ Mid-America Apartment Communities Inc. Stock Underperforms Tuesday When Compared To Competitors
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Shares of Mid-America Apartment Communities Inc. $(MAA)$ sank 0.46% to $136.19 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.13% to 5,187.70 and the Dow Jones Industrial Average rising 0.08% to 38,884.26.
The stock's fall snapped a four-day winning streak.
Mid-America Apartment Communities Inc. closed $22.27 short of its 52-week high ($158.46), which the company achieved on July 12th.
The stock underperformed when compared to some of its competitors Tuesday, as Avalonbay Communities Inc. $(AVB)$ rose 0.36% to $195.89, Equity Residential $(EQR)$ fell 0.03% to $66.70, and UDR Inc. $(UDR)$ rose 0.21% to $38.97.
Trading volume (648,108) remained 126,930 below its 50-day average volume of 775,038.
Data source: Dow Jones Market Data, FactSet. Data compiled May 7, 2024.
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(END) Dow Jones Newswires
May 07, 2024 17:15 ET (21:15 GMT)
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