Shares of Apartment Investment & Management Co. AIV slid 0.61% to $4.92 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA rising 0.20% to 31,437.80 and the S&P 500 Index SPX falling 0.03% to 3,909.88. The stock's fall snapped a four-day winning streak. Apartment Investment & Management Co. closed $2.50 below its 52-week high ($7.42), which the company achieved on February 21st.
The stock underperformed when compared to some of its competitors Wednesday, as Equity Residential EQR rose 1.32% to $66.81, Avalonbay Communities Inc. AVB rose 1.16% to $175.85, and UDR Inc. UDR rose 1.36% to $41.73. Trading volume (5.4 M) remained 3.6 million below its 50-day average volume of 9.1 M.