Shares of Apartment Investment & Management Co. AIV inched 0.21% higher to $4.83 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX rising 0.39% to 3,886.83 and the Dow Jones Industrial Average DJIA rising 0.30% to 31,148.24. This was the stock's second consecutive day of gains. Apartment Investment & Management Co. closed $2.59 below its 52-week high ($7.42), which the company reached on February 21st.
The stock underperformed when compared to some of its competitors Friday, as Equity Residential EQR rose 1.31% to $64.96, Avalonbay Communities Inc. AVB rose 0.22% to $172.22, and UDR Inc. UDR rose 0.83% to $40.07. Trading volume (4.6 M) remained 4.3 million below its 50-day average volume of 8.9 M.