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Shares of Simon Property Group Inc. (SPG) slumped 0.64% to $98.03 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.67% to 3,695.16 and Dow Jones Industrial Average falling 0.33% to 30,423.81. This was the stock's second consecutive day of losses. Simon Property Group Inc. closed $73.09 below its 52-week high ($171.12), which the company reached on November 18th.
Despite its losses, the stock outperformed some of its competitors Wednesday, as Alexandria Real Estate Equities Inc. (ARE) fell 2.37% to $130.59 and Vornado Realty Trust (VNO) fell 5.31% to $21.59. Trading volume (2.1 M) eclipsed its 50-day average volume of 2.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled October 19, 2022.
(END) Dow Jones Newswires
October 19, 2022 17:24 ET (21:24 GMT)
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