Shares of Apartment Investment & Management Co. AIV rallied 1.89% to $4.85 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 2.38% to 3,901.82 and the Dow Jones Industrial Average DJIA rising 1.95% to 31,535.51. The stock's rise snapped a two-day losing streak. Apartment Investment & Management Co. closed $2.00 short of its 52-week high ($6.85), which the company reached on March 4th.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Equity Residential EQR rose 2.05% to $66.75, Avalonbay Communities Inc. AVB rose 0.72% to $177.02, and UDR Inc. UDR rose 2.23% to $42.09. Trading volume (4.1 M) remained 3.7 million below its 50-day average volume of 7.8 M.