Simon Property Group Inc. Stock Rises Friday, Still Underperforms Market
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Shares of Simon Property Group Inc. (SPG) inched 0.13% higher to $120.20 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.92% to 3,992.93 and the Dow Jones Industrial Average rising 0.10% to 33,747.86. This was the stock's second consecutive day of gains. Simon Property Group Inc. closed $50.92 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 Friday, as Alexandria Real Estate Equities Inc. (ARE) fell 1.69% to $150.98 and Vornado Realty Trust (VNO) rose 2.71% to $25.77. Trading volume (2.0 M) remained 138,516 below its 50-day average volume of 2.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 11, 2022.
(END) Dow Jones Newswires
November 11, 2022 17:23 ET (22:23 GMT)
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