Shares of Equity Residential EQR advanced 1.44% to $85.24 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 1.71% to 4,438.26 and the Dow Jones Industrial Average DJIA rising 1.56% to 34,912.56. This was the stock's fourth consecutive day of gains. Equity Residential closed $0.80 short of its 52-week high ($86.04), which the company achieved on September 2nd.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Avalonbay Communities Inc. AVB rose 1.79% to $232.39, UDR Inc. UDR rose 1.32% to $55.07, and Mid-America Apartment Communities Inc. MAA rose 1.82% to $198.70. Trading volume (982,611) remained 462,399 below its 50-day average volume of 1.4 M.