Shares of Apartment Investment & Management Co. AIV shed 1.84% to $4.79 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 0.10% to 3,830.17 and the Dow Jones Industrial Average DJIA rising 0.12% to 30,723.60. The stock's fall snapped a two-day winning streak. Apartment Investment & Management Co. closed $2.63 below its 52-week high ($7.42), which the company achieved on February 21st.
The stock underperformed when compared to some of its competitors Wednesday, as Equity Residential EQR rose 1.94% to $63.08, Avalonbay Communities Inc. AVB rose 0.81% to $167.79, and UDR Inc. UDR rose 1.08% to $39.28. Trading volume (9.6 M) eclipsed its 50-day average volume of 8.7 M.