Mid-America Apartment Communities, Inc. [MAA] BOLTON H ERIC JR sells 4,028 Shares for $0.52 million

In a filing, Mid-America Apartment Communities, Inc. revealed its President and CEO BOLTON H ERIC JR unloaded Company’s shares for reported $0.52 million on Jan 11. In the deal valued at $130.21 per share,4,028 shares were sold. As a result of this transaction, BOLTON H ERIC JR now holds 304,523 shares worth roughly $37.92 million.

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Then, DelPriore Robert J. sold 7,211 shares, generating $947,021 in total proceeds. Upon selling the shares at $131.33, the EVP, General Counsel now owns 47,305 shares.

Before that, Carpenter Melanie sold 371 shares. Mid-America Apartment Communities, Inc. shares valued at $48,723 were divested by the EVP & CHRO at a price of $131.33 per share. As a result of the transaction, Carpenter Melanie now holds 19,067 shares, worth roughly $2.37 million.

Deutsche Bank initiated its Mid-America Apartment Communities, Inc. [MAA] rating to a Hold in a research note published on January 30, 2024; the price target was $139.

Price Performance Review of MAA

On Friday, Mid-America Apartment Communities, Inc. [NYSE:MAA] saw its stock jump 0.03% to $124.52. Over the last five days, the stock has lost -2.72%. Mid-America Apartment Communities, Inc. shares have fallen nearly -7.39% since the year began. Nevertheless, the stocks have fallen -28.69% over the past one year. While a 52-week high of $176.36 was reached on 01/22/24, a 52-week low of $115.56 was recorded on 02/08/24. SMA at 50 days reached $130.94, while 200 days put it at $138.54. A total of 1.08 million shares were traded, compared to the trading of 1.44 million shares in the previous session.

Levels Of Support And Resistance For MAA Stock

The 24-hour chart illustrates a support level at 123.61, which if violated will result in even more drops to 122.70. On the upside, there is a resistance level at 125.19. A further resistance level may holdings at 125.86. The Relative Strength Index (RSI) on the 14-day chart is 34.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.86, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.69%. Stochastics %K at 14.23% indicates the stock is a buying.

How much short interest is there in Mid-America Apartment Communities, Inc.?

A steep rise in short interest was recorded in Mid-America Apartment Communities, Inc. stocks on Jan 31, 2024, dropping by -0.26 million shares to a total of 2.6 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2023 was 2.86 million shares. There was a decline of -10.0%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.69% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.3.

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