Shares of Apartment Investment & Management Co. AIV slipped 0.41% to $4.90 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index SPX rising 0.17% to 3,916.38 and the Dow Jones Industrial Average DJIA falling 0.02% to 31,430.70. This was the stock's second consecutive day of losses. Apartment Investment & Management Co. closed $2.52 below its 52-week high ($7.42), which the company achieved on February 21st.
The stock underperformed when compared to some of its competitors Thursday, as Equity Residential EQR rose 1.42% to $67.76, Avalonbay Communities Inc. AVB rose 1.75% to $178.93, and UDR Inc. UDR rose 3.81% to $43.32. Trading volume (3.1 M) remained 6.0 million below its 50-day average volume of 9.2 M.