DJ Mid-America Apartment Communities Inc. Stock Rises Monday, Still Underperforms Market
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Shares of Mid-America Apartment Communities Inc. $(MAA)$ inched 0.48% higher to $160.30 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.16% to 5,471.05 and the Dow Jones Industrial Average rising 1.20% to 40,829.59.
The stock's rise snapped a three-day losing streak.
Mid-America Apartment Communities Inc. closed $4.84 short of its 52-week high ($165.14), which the company reached on September 4th.
The stock underperformed when compared to some of its competitors Monday, as Avalonbay Communities Inc. $(AVB)$ rose 0.85% to $225.49, Equity Residential $(EQR)$ rose 1.02% to $75.10, and UDR Inc. $(UDR)$ rose 1.07% to $44.52.
Trading volume (833,445) eclipsed its 50-day average volume of 698,527.
Data source: Dow Jones Market Data, FactSet. Data compiled September 9, 2024.
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(END) Dow Jones Newswires
September 09, 2024 17:11 ET (21:11 GMT)
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