DJ Avalonbay Communities Inc. Stock Underperforms Wednesday When Compared To Competitors
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Shares of Avalonbay Communities Inc. $(AVB)$ slipped 2.01% to $214.95 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.47% to 6,039.31 and Dow Jones Industrial Average falling 0.31% to 44,713.52.
This was the stock's second consecutive day of losses.
Avalonbay Communities Inc. closed 10.17% short of its 52-week high of $239.29, which the company reached on November 27th.
The stock underperformed when compared to some of its competitors Wednesday, as Equity Residential $(EQR)$ fell 1.13% to $68.48, UDR Inc. $(UDR)$ fell 1.21% to $40.79, and Mid-America Apartment Communities Inc. $(MAA)$ fell 1.88% to $148.56.
Trading volume (664,916) eclipsed its 50-day average volume of 583,274.
Data source: Dow Jones Market Data, FactSet. Data compiled January 29, 2025.
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January 29, 2025 17:00 ET (22:00 GMT)
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