DJ Equity Residential Stock Underperforms Monday When Compared To Competitors Despite Daily Gains
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Shares of Equity Residential $(EQR)$ rallied 1.23% to $66.72 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.
Equity Residential closed $2.73 below its 52-week high ($69.45), which the company achieved on July 24th.
The stock underperformed when compared to some of its competitors Monday, as Avalonbay Communities Inc. $(AVB)$ rose 1.23% to $195.18, UDR Inc. $(UDR)$ rose 1.73% to $38.89, and Mid-America Apartment Communities Inc. $(MAA)$ rose 2.87% to $136.82.
Trading volume (1.4 M) remained 574,646 below its 50-day average volume of 2.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 6, 2024.
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(END) Dow Jones Newswires
May 06, 2024 17:05 ET (21:05 GMT)
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