Shares of Apartment Investment & Management Co. AIV rallied 1.02% to $4.95 Tuesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX falling 0.11% to 3,911.23 and Dow Jones Industrial Average DJIA falling 0.03% to 31,375.83. This was the stock's fourth consecutive day of gains. Apartment Investment & Management Co. closed $2.47 below its 52-week high ($7.42), which the company achieved on February 21st.
The stock outperformed some of its competitors Tuesday, as Equity Residential EQR fell 0.21% to $65.94, Avalonbay Communities Inc. AVB rose 0.29% to $173.83, and UDR Inc. UDR rose 0.51% to $41.17. Trading volume (2.9 M) remained 6.1 million below its 50-day average volume of 9.0 M.