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Avalonbay Communities Inc. stock outperforms competitors on strong trading day

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Terrence Horan

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Shares of Avalonbay Communities Inc. AVB, +0.32% rallied 1.79% to $232.39 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX, -0.11% rising 1.71% to 4,438.26 and the Dow Jones Industrial Average DJIA, +0.21% rising 1.56% to 34,912.56. This was the stock's third consecutive day of gains. Avalonbay Communities Inc. closed $1.09 below its 52-week high ($233.48), which the company achieved on September 3rd.

The stock outperformed some of its competitors Thursday, as Equity Residential EQR, +0.38% rose 1.44% to $85.24, UDR Inc. UDR, +0.37% rose 1.32% to $55.07, and Essex Property Trust Inc. ESS, +0.71% rose 0.51% to $334.87. Trading volume (409,941) remained 79,526 below its 50-day average volume of 489,467.

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.