Mid-America Apartment Communities, Inc.’s filing revealed that its President and CEO BOLTON H ERIC JR unloaded Company’s shares for reported $0.52 million on Jan 11 ’24. 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 $39.23 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 $2.46 million.
A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in late January with a ‘”a Hold”‘ rating. Truist also remained covering MAA and has increased its forecast on January 16, 2024 with a “Buy” recommendation from previously “Hold” rating. Scotiabank revised its rating on January 16, 2024. It rated MAA as “a Sector perform” which previously was an “a Sector underperform”.
Price Performance Review of MAA
On Tuesday, Mid-America Apartment Communities, Inc. [NYSE:MAA] saw its stock fall -0.90% to $128.83. Over the last five days, the stock has lost -1.20%. Mid-America Apartment Communities, Inc. shares have fallen nearly -4.19% since the year began. Nevertheless, the stocks have fallen -10.12% over the past one year. While a 52-week high of $158.46 was reached on 01/22/24, a 52-week low of $115.56 was recorded on 02/13/24. SMA at 50 days reached $129.37, while 200 days put it at $135.29. A total of 0.55 million shares were traded, compared to the trading of 0.49 million shares in the previous session.
Levels Of Support And Resistance For MAA Stock
The 24-hour chart illustrates a support level at 128.27, which if violated will result in even more drops to 127.71. On the upside, there is a resistance level at 129.85. A further resistance level may holdings at 130.87. The Relative Strength Index (RSI) on the 14-day chart is 46.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.65, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.25%. Stochastics %K at 19.19% 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 Feb 29, 2024, growing by 0.35 million shares to a total of 2.95 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 2.6 million shares. There was a rise of 11.86%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.05% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.03.
