Avalonbay Communities Inc. Stock Outperforms Competitors On Strong Trading Day
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Shares of Avalonbay Communities Inc. (AVB) rose 2.44% to $181.26 on Wednesday, outperforming the broader market which saw declines. The S&P 500 Index fell 1.16% and the Dow Jones Industrial Average fell 0.47%. Avalonbay's stock remains 21.26% below its 52-week high of $230.21. Competitors also saw gains: Equity Residential (EQR) up 2.06%, UDR Inc. (UDR) up 2.68%, and Mid-America Apartment Communities Inc. (MAA) up 2.93%. Trading volume for Avalonbay was 1.1 million, above its 50-day average of 970,193.
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