Simon Property Group Inc. Stock Falls Wednesday, Still Outperforms Market
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Shares of Simon Property Group Inc. (SPG) shed 1.96% to $111.61 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 2.50% to 3,759.69 and Dow Jones Industrial Average falling 1.55% to 32,147.76. The stock's fall snapped a four-day winning streak. Simon Property Group Inc. closed $59.51 below its 52-week high ($171.12), which the company reached on November 18th.
The stock underperformed when compared to some of its competitors Wednesday, as Alexandria Real Estate Equities Inc. (ARE) fell 1.64% to $142.38 and Vornado Realty Trust (VNO) fell 1.51% to $22.84. Trading volume (3.2 M) eclipsed its 50-day average volume of 2.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 2, 2022.
(END) Dow Jones Newswires
November 02, 2022 17:23 ET (21:23 GMT)
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