Simon Property Group Inc. Stock Outperforms Market On Strong Trading Day
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Shares of Simon Property Group Inc. (SPG) inched 0.03% higher to $95.86 Friday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 2.37% to 3,583.07 and Dow Jones Industrial Average falling 1.34% to 29,634.83. This was the stock's second consecutive day of gains. Simon Property Group Inc. closed $75.26 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 Friday, as Alexandria Real Estate Equities Inc. (ARE) fell 2.30% to $131.55 and Vornado Realty Trust (VNO) rose 1.29% to $21.93. Trading volume (2.2 M) eclipsed its 50-day average volume of 1.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled October 14, 2022.
(END) Dow Jones Newswires
October 14, 2022 17:23 ET (21:23 GMT)
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