DJ Avalonbay Communities Inc. Stock Underperforms Thursday When Compared To Competitors
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Shares of Avalonbay Communities Inc. $(AVB)$ shed 1.21% to $217.16 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.04% to 42,342.24 and the S&P 500 Index falling 0.09% to 5,867.08.
This was the stock's third consecutive day of losses.
Avalonbay Communities Inc. closed $22.13 below its 52-week high ($239.29), which the company achieved on November 27th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Equity Residential $(EQR)$ fell 1.00% to $69.49, UDR Inc. $(UDR)$ fell 1.23% to $42.42, and Mid-America Apartment Communities Inc. $(MAA)$ fell 0.95% to $149.43.
Trading volume (748,003) eclipsed its 50-day average volume of 616,556.
Data source: Dow Jones Market Data, FactSet. Data compiled December 19, 2024.
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(END) Dow Jones Newswires
December 19, 2024 17:02 ET (22:02 GMT)
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