DJ Mid-America Apartment Communities Inc. Stock Underperforms Thursday When Compared To Competitors
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Shares of Mid-America Apartment Communities Inc. $(MAA)$ dropped 0.16% to $164.44 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.75% to 5,595.76 and the Dow Jones Industrial Average rising 0.58% to 41,096.77.
The stock's fall snapped a three-day winning streak.
Mid-America Apartment Communities Inc. closed $1.51 below its 52-week high ($165.95), which the company reached on September 10th.
The stock underperformed when compared to some of its competitors Thursday, as Avalonbay Communities Inc. $(AVB)$ rose 0.76% to $231.70, Equity Residential $(EQR)$ rose 0.85% to $77.38, and UDR Inc. $(UDR)$ rose 1.24% to $46.55.
Trading volume (425,673) remained 276,952 below its 50-day average volume of 702,625.
Data source: Dow Jones Market Data, FactSet. Data compiled September 12, 2024.
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(END) Dow Jones Newswires
September 12, 2024 17:11 ET (21:11 GMT)
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