Simon Property Group Inc. stock outperforms competitors despite losses on the day
Shares of Simon Property Group Inc.
slid 0.56% to $132.11 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index
rising 0.10% to 4,436.75 and the Dow Jones Industrial Average
rising 0.46% to 35,264.67. This was the stock’s second consecutive day of losses. Simon Property Group Inc. closed $4.59 below its 52-week high ($136.70), which the company achieved on June 8th.
Despite its losses, the stock outperformed some of its competitors Tuesday, as Alexandria Real Estate Equities Inc.
fell 2.18% to $204.51, Vornado Realty Trust
fell 0.66% to $41.97, and New Senior Investment Group Inc.
fell 0.79% to $8.80.true Trading volume (1.7 M) remained 579,982 below its 50-day average volume of 2.3 M.