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Shares of Simon Property Group Inc. (SPG) shed 2.17% to $112.92 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 2.08% to 3,748.57 and Dow Jones Industrial Average falling 1.95% to 32,513.94. This was the stock's second consecutive day of losses. Simon Property Group Inc. closed $58.20 short of its 52-week high ($171.12), which the company reached on November 18th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Alexandria Real Estate Equities Inc. (ARE) fell 1.96% to $142.74 and Vornado Realty Trust (VNO) fell 2.43% to $22.50. Trading volume (1.7 M) remained 380,056 below its 50-day average volume of 2.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 9, 2022.
(END) Dow Jones Newswires
November 09, 2022 17:23 ET (22:23 GMT)
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