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Simon Property Group Inc. stock rises Thursday, still underperforms market

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Terrence Horan

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Shares of Simon Property Group Inc. SPG, +1.48% rallied 1.59% to $139.33 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, +0.37% rising 1.71% to 4,438.26 and the Dow Jones Industrial Average DJIA, +0.43% rising 1.56% to 34,912.56. This was the stock's fourth consecutive day of gains. Simon Property Group Inc. hit a new 52-week high, surpassing its previous peak of $137.56, which the company achieved on October 13th.

The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Alexandria Real Estate Equities Inc. ARE, +1.27% rose 1.69% to $200.86 and Vornado Realty Trust VNO, +3.03% rose 0.74% to $44.67. Trading volume (2.3 M) eclipsed its 50-day average volume of 1.8 M.

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.