Shares of Alexandria Real Estate Equities Inc.
ARE,
shed 6.55% to $136.71 Monday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index
SPX,
falling 3.88% to 3,749.63 and Dow Jones Industrial Average
DJIA,
falling 2.79% to 30,516.74. This was the stock’s fourth consecutive day of losses. Alexandria Real Estate Equities Inc. closed $88.24 short of its 52-week high ($224.95), which the company achieved on December 31st.
The stock underperformed when compared to some of its competitors Monday, as Vornado Realty Trust
VNO,
fell 6.52% to $29.24, Physicians Realty Trust
DOC,
fell 6.24% to $16.82, and Retail Opportunity Investment Corp.
ROIC,
fell 5.86% to $15.59. Trading volume (1.4 M) eclipsed its 50-day average volume of 952,694.
Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.