Simon Property Group Inc. Stock Underperforms Tuesday When Compared To Competitors Despite Daily Gains
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Shares of Simon Property Group Inc. (SPG) rallied 3.37% to $105.84 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.63% to 3,859.11 and the Dow Jones Industrial Average rising 1.07% to 31,836.74. This was the stock's fourth consecutive day of gains. Simon Property Group Inc. closed $65.28 short of its 52-week high ($171.12), which the company reached on November 18th.
The stock underperformed when compared to some of its competitors Tuesday, as Alexandria Real Estate Equities Inc. (ARE) rose 5.58% to $140.21 and Vornado Realty Trust (VNO) rose 4.17% to $23.75. Trading volume (2.4 M) eclipsed its 50-day average volume of 2.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled October 25, 2022.
(END) Dow Jones Newswires
October 25, 2022 17:23 ET (21:23 GMT)
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