DJ Equity Residential Stock Outperforms Competitors On Strong Trading Day
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Shares of Equity Residential $(EQR)$ rose 2.68% to $71.35 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.09% to 5,930.85 and the Dow Jones Industrial Average rising 1.18% to 42,840.26.
The stock's rise snapped a three-day losing streak.
Equity Residential closed $7.49 short of its 52-week high ($78.84), which the company achieved on September 16th.
The stock outperformed some of its competitors Friday, as Avalonbay Communities Inc. $(AVB)$ rose 2.31% to $222.17, UDR Inc. $(UDR)$ rose 2.45% to $43.46, and Mid-America Apartment Communities Inc. $(MAA)$ rose 2.66% to $153.40.
Trading volume (4.8 M) eclipsed its 50-day average volume of 1.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 20, 2024.
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(END) Dow Jones Newswires
December 20, 2024 17:07 ET (22:07 GMT)
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