Shares of Apartment Investment & Management Co. AIV inched 0.62% higher to $4.85 Monday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA rising 0.09% to 31,521.69 and the S&P 500 Index SPX falling 0.77% to 3,876.50. This was the stock's second consecutive day of gains. Apartment Investment & Management Co. closed $2.55 below its 52-week high ($7.40), which the company reached on February 24th.
The stock outperformed some of its competitors Monday, as Equity Residential EQR fell 0.13% to $66.88, Avalonbay Communities Inc. AVB rose 0.15% to $178.28, and UDR Inc. UDR rose 0.52% to $42.44. Trading volume (3.9 M) remained 5.6 million below its 50-day average volume of 9.4 M.