DJ Avalonbay Communities Inc. Stock Underperforms Thursday When Compared To Competitors Despite Daily Gains
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Shares of Avalonbay Communities Inc. $(AVB)$ inched 0.01% higher to $223.31 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.07% to 43,325.80 and the S&P 500 Index falling 0.04% to 6,037.59.
This was the stock's second consecutive day of gains.
Avalonbay Communities Inc. closed $15.98 short of its 52-week high ($239.29), which the company reached on November 27th.
The stock underperformed when compared to some of its competitors Thursday, as Equity Residential $(EQR)$ rose 0.21% to $72.37, UDR Inc. $(UDR)$ rose 0.50% to $43.88, and Mid-America Apartment Communities Inc. $(MAA)$ rose 0.30% to $155.22.
Trading volume (583,537) remained 67,234 below its 50-day average volume of 650,771.
Data source: Dow Jones Market Data, FactSet. Data compiled December 26, 2024.
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(END) Dow Jones Newswires
December 26, 2024 17:04 ET (22:04 GMT)
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