Shares of Apartment Investment & Management Co. AIV slipped 2.58% to $4.90 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX falling 2.45% to 3,829.34 and Dow Jones Industrial Average DJIA falling 1.75% to 31,402.01. The stock's fall snapped a four-day winning streak. Apartment Investment & Management Co. closed $2.09 below its 52-week high ($6.99), which the company achieved on February 27th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Equity Residential EQR fell 3.78% to $66.73, Avalonbay Communities Inc. AVB fell 2.53% to $180.32, and UDR Inc. UDR fell 2.42% to $42.38. Trading volume (5.1 M) remained 4.5 million below its 50-day average volume of 9.6 M.