SPG Stock – Simon Property Group Inc. stock falls Friday, underperforms market
Shares of Simon Property Group Inc.
slid 2.59% to $125.33 Friday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index
falling 1.31% to 4,166.45 and Dow Jones Industrial Average
falling 1.58% to 33,290.08. This was the stock’s eighth consecutive day of losses. Simon Property Group Inc. closed $11.37 below its 52-week high ($136.70), which the company reached on June 8th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Alexandria Real Estate Equities Inc.
fell 0.35% to $182.68, Vornado Realty Trust
fell 2.99% to $46.46, and New Senior Investment Group Inc.
fell 3.27% to $6.81. Trading volume (4.2 M) eclipsed its 50-day average volume of 2.5 M.