DJ Avalonbay Communities Inc. Stock Outperforms Competitors Despite Losses On The Day
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Shares of Avalonbay Communities Inc. $(AVB)$ slipped 0.66% to $226.42 Friday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index remaining mostly unchanged at 6,051.09 and the Dow Jones Industrial Average falling 0.20% to 43,828.06.
The stock's fall snapped a two-day winning streak.
Avalonbay Communities Inc. closed $12.87 below its 52-week high ($239.29), which the company reached on November 27th.
Despite its losses, the stock outperformed some of its competitors Friday, as Equity Residential $(EQR)$ fell 0.69% to $73.28, UDR Inc. $(UDR)$ fell 0.78% to $44.47, and Mid-America Apartment Communities Inc. $(MAA)$ fell 0.71% to $157.22.
Trading volume (331,032) remained 271,354 below its 50-day average volume of 602,386.
Data source: Dow Jones Market Data, FactSet. Data compiled December 13, 2024.
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(END) Dow Jones Newswires
December 13, 2024 17:01 ET (22:01 GMT)
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