DJ Mid-America Apartment Communities Inc. Stock Underperforms Wednesday When Compared To Competitors Despite Daily Gains
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Shares of Mid-America Apartment Communities Inc. $(MAA)$ inched 0.99% higher to $161.34 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.02% to 5,985.38 and the Dow Jones Industrial Average rising 0.11% to 43,958.19.
Mid-America Apartment Communities Inc. closed $6.05 short of its 52-week high ($167.39), which the company reached on September 16th.
The stock underperformed when compared to some of its competitors Wednesday, as Avalonbay Communities Inc. $(AVB)$ rose 1.26% to $233.11, Equity Residential $(EQR)$ rose 2.18% to $74.64, and UDR Inc. $(UDR)$ rose 2.08% to $45.19.
Trading volume (663,162) remained 47,826 below its 50-day average volume of 710,988.
Data source: Dow Jones Market Data, FactSet. Data compiled November 13, 2024.
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(END) Dow Jones Newswires
November 13, 2024 17:11 ET (22:11 GMT)
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