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Shares of Simon Property Group Inc. (SPG) rose 2.42% to $108.96 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 2.46% to 3,901.06 and the Dow Jones Industrial Average rising 2.59% to 32,861.80. This was the stock's second consecutive day of gains. Simon Property Group Inc. closed $62.16 below its 52-week high ($171.12), which the company reached on November 18th.
The stock underperformed when compared to some of its competitors Friday, as Alexandria Real Estate Equities Inc. (ARE) rose 2.55% to $145.72 and Vornado Realty Trust (VNO) rose 2.45% to $23.80. Trading volume (1.5 M) remained 578,481 below its 50-day average volume of 2.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled October 28, 2022.
(END) Dow Jones Newswires
October 28, 2022 17:23 ET (21:23 GMT)
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