Simon Property Group Inc. Stock Rises Monday, Outperforms Market
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Shares of Simon Property Group Inc. (SPG) advanced 1.12% to $116.87 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.96% to 3,806.80 and the Dow Jones Industrial Average rising 1.31% to 32,827.00. This was the stock's third consecutive day of gains. Simon Property Group Inc. closed $54.25 below its 52-week high ($171.12), which the company reached on November 18th.
The stock outperformed some of its competitors Monday, as Alexandria Real Estate Equities Inc. (ARE) rose 0.66% to $146.87 and Vornado Realty Trust (VNO) fell 0.86% to $22.93. Trading volume (1.5 M) remained 596,276 below its 50-day average volume of 2.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 7, 2022.
(END) Dow Jones Newswires
November 07, 2022 17:23 ET (22:23 GMT)
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