Shares of Avalonbay Communities Inc. /zigman2/quotes/201241431/composite AVB -2.45% inched 0.54% higher to $204.91 Friday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -1.11% rising 0.23% to 32,803.47 and the S&P 500 Index /zigman2/quotes/210599714/realtime SPX -1.03% falling 0.16% to 4,145.19. This was the stock's second consecutive day of gains. Avalonbay Communities Inc. closed $54.14 below its 52-week high ($259.05), which the company achieved on March 29th.
The stock outperformed some of its competitors Friday, as Equity Residential /zigman2/quotes/205190279/composite EQR -3.09% rose 0.39% to $75.22, UDR Inc. /zigman2/quotes/200760603/composite UDR -3.47% rose 0.21% to $46.76, and Essex Property Trust Inc. /zigman2/quotes/207865118/composite ESS -2.86% rose 0.25% to $278.75. Trading volume (430,002) remained 345,669 below its 50-day average volume of 775,671.