Simon Property Group Inc. Stock Falls Tuesday, Underperforms Market
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Shares of Simon Property Group Inc. (SPG) slid 0.49% to $98.66 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.14% to 3,719.98 and the Dow Jones Industrial Average rising 1.12% to 30,523.80. The stock's fall snapped a three-day winning streak. Simon Property Group Inc. closed $72.46 short of 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 Tuesday, as Alexandria Real Estate Equities Inc. (ARE) fell 0.32% to $133.76 and Vornado Realty Trust (VNO) fell 0.52% to $22.80. Trading volume (2.3 M) eclipsed its 50-day average volume of 2.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled October 18, 2022.
(END) Dow Jones Newswires
October 18, 2022 17:23 ET (21:23 GMT)
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