Shares of UDR Inc. UDR, -0.38% dropped 0.38% to $47.80 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX, +1.06% rising 1.06% to 4,110.41 and the Dow Jones Industrial Average DJIA, +0.71% rising 0.71% to 32,381.34. The stock’s fall snapped a four-day winning streak. UDR Inc. closed $13.26 short of its 52-week high ($61.06), which the company reached on January 4th.
The stock underperformed when compared to some of its competitors Monday, as Equity Residential EQR, +0.44% rose 0.44% to $77.56, Avalonbay Communities Inc. AVB, -0.11% fell 0.11% to $214.22, and Essex Property Trust Inc. ESS, +0.04% rose 0.04% to $278.38. Trading volume (1.5 M) remained 373,271 below its 50-day average volume of 1.8 M.