Simon Property Group Inc. Stock Rises Thursday, Still Underperforms Market
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Shares of Simon Property Group Inc. (SPG) rose 2.30% to $95.83 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 2.60% to 3,669.91 and the Dow Jones Industrial Average rising 2.83% to 30,038.72. Simon Property Group Inc. closed $75.29 below its 52-week high ($171.12), which the company reached on November 18th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Alexandria Real Estate Equities Inc. (ARE) rose 1.19% to $134.65 and Vornado Realty Trust (VNO) rose 2.66% to $21.65. Trading volume (1.8 M) remained 148,864 below its 50-day average volume of 1.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled October 13, 2022.
(END) Dow Jones Newswires
October 13, 2022 17:23 ET (21:23 GMT)
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