Shares of Apartment Investment & Management Co. AIV rallied 3.39% to $4.88 Tuesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 1.39% to 3,826.31 and the Dow Jones Industrial Average DJIA rising 1.57% to 30,687.48. This was the stock's second consecutive day of gains. Apartment Investment & Management Co. closed $2.54 below its 52-week high ($7.42), which the company reached on February 21st.
The stock outperformed some of its competitors Tuesday, as Equity Residential EQR fell 0.47% to $61.88, Avalonbay Communities Inc. AVB rose 0.73% to $166.44, and UDR Inc. UDR rose 0.26% to $38.86. Trading volume (5.7 M) remained 2.9 million below its 50-day average volume of 8.6 M.