Short interest on AVB sees a significant increase on Jan 11, 2024

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Avalonbay Communities Inc. shares valued at $620,399 were sold by Lockridge Joanne M on Aug 11. At $186.25 per share, Lockridge Joanne M sold 3,331 shares. The insider’s holdings dropped to 21,558 shares worth approximately $3.86 million following the completion of this transaction.

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Also, Birenbaum Matthew H. sold 4,000 shares, netting a total of over 704,397 in proceeds. Following the sale of shares at $176.10 each, the insider now holds 62,559 shares.

As published in their initiating research note from Deutsche Bank on January 30, 2024, Avalonbay Communities Inc. [AVB] has been a Buy and the price target has been revised to $206.

Analyzing AVB Stock Performance

During the last five days, there has been a surge of approximately 1.69%. Over the course of the year, Avalonbay Communities Inc. shares have dropped approximately -4.39%. Shares of the company reached a 52-week high of $188.27 on 01/02/24 and a 52-week low of $175.10 on 01/17/24. A 50-day SMA is recorded $180.14, while a 200-day SMA reached $179.93. Nevertheless, trading volume fell to 1.52 million shares from 0.71 million shares the previous day.

Support And Resistance Levels for Avalonbay Communities Inc. (AVB)

According to the 24-hour chart, there is a support level at 176.99, which, if violated, would cause prices to drop to 174.97. In the upper region, resistance lies at 181.88. The next price resistance is at 184.75. RSI (Relative Strength Index) is 46.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.56, which suggests the price will decrease in the coming days. Percent R is at 62.94%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Avalonbay Communities Inc. subject to short interest?

Stocks of Avalonbay Communities Inc. saw a sharp rise in short interest on Jan 11, 2024 jumping by 60000.0 shares to 2.4 million. Data from Yahoo Finance shows that the short interest on Dec 14, 2023 was 2.34 million shares. A jump of 2.5% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.7 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.7.

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