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Shares of Simon Property Group Inc. (SPG) slid 2.22% to $117.53 Monday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.89% to 3,957.25 and Dow Jones Industrial Average falling 0.63% to 33,536.70. The stock's fall snapped a two-day winning streak. Simon Property Group Inc. closed $53.59 short of its 52-week high ($171.12), which the company achieved on November 18th.
Despite its losses, the stock outperformed some of its competitors Monday, as Alexandria Real Estate Equities Inc. (ARE) fell 2.38% to $147.38 and Vornado Realty Trust (VNO) fell 3.22% to $24.94. Trading volume (1.6 M) remained 583,144 below its 50-day average volume of 2.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 14, 2022.
(END) Dow Jones Newswires
November 14, 2022 17:23 ET (22:23 GMT)
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