DJ UDR Inc. Stock Rises Monday, Still Underperforms Market
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Shares of UDR Inc. $(UDR)$ rallied 1.07% to $44.52 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.
UDR Inc. closed $0.58 short of its 52-week high ($45.10), which the company reached on September 4th.
The stock outperformed 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 Mid-America Apartment Communities Inc. $(MAA)$ rose 0.48% to $160.30.
Trading volume (3.1 M) eclipsed its 50-day average volume of 2.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled September 9, 2024.
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(END) Dow Jones Newswires
September 09, 2024 17:17 ET (21:17 GMT)
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