DJ Mid-America Apartment Communities Inc. Stock Outperforms Competitors On Strong Trading Day
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Shares of Mid-America Apartment Communities Inc. $(MAA)$ rallied 2.52% to $136.34 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.51% to 5,214.08 and the Dow Jones Industrial Average rising 0.85% to 39,387.76.
The stock's rise snapped a two-day losing streak.
Mid-America Apartment Communities Inc. closed $22.12 below its 52-week high ($158.46), which the company achieved on July 12th.
The stock outperformed some of its competitors Thursday, as Avalonbay Communities Inc. $(AVB)$ rose 1.15% to $197.14, Equity Residential $(EQR)$ rose 1.42% to $67.04, and UDR Inc. $(UDR)$ rose 2.01% to $39.04.
Trading volume (612,058) remained 160,167 below its 50-day average volume of 772,225.
Data source: Dow Jones Market Data, FactSet. Data compiled May 9, 2024.
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(END) Dow Jones Newswires
May 09, 2024 17:15 ET (21:15 GMT)
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