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Aug. 5, 2022, 4:38 p.m. EDT

Avalonbay Communities Inc. stock outperforms market on strong trading day

MarketWatch Automation

Shares of Avalonbay Communities Inc. (NYS:AVB) 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 (DOW:DJIA) rising 0.23% to 32,803.47 and the S&P 500 Index (S&P:SPX) 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 (NYS:EQR) rose 0.39% to $75.22, UDR Inc. (NYS:UDR) rose 0.21% to $46.76, and Essex Property Trust Inc. (NYS:ESS) rose 0.25% to $278.75. Trading volume (430,002) remained 345,669 below its 50-day average volume of 775,671.

Editor's Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.

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