Simon Property Group Inc. Stock Falls Tuesday, Underperforms Market
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Shares of Simon Property Group Inc. (SPG) slid 1.24% to $115.42 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.56% to 3,828.11 and the Dow Jones Industrial Average rising 1.02% to 33,160.83. The stock's fall snapped a three-day winning streak. Simon Property Group Inc. closed $55.70 below 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) fell 0.86% to $145.60 and Vornado Realty Trust (VNO) rose 0.57% to $23.06. Trading volume (1.8 M) remained 269,469 below its 50-day average volume of 2.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 8, 2022.
(END) Dow Jones Newswires
November 08, 2022 17:23 ET (22:23 GMT)
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