In a filing, Mid-America Apartment Communities, Inc. revealed its President and CEO BOLTON H ERIC JR unloaded Company’s shares for reported $0.33 million on Apr 05 ’24. In the deal valued at $126.07 per share,2,642 shares were sold. As a result of this transaction, BOLTON H ERIC JR now holds 317,737 shares worth roughly $42.17 million.
Then, Carpenter Melanie sold 314 shares, generating $39,586 in total proceeds. Upon selling the shares at $126.07, the EVP & CHRO now owns 20,533 shares.
Before that, Argo Timothy sold 68 shares. Mid-America Apartment Communities, Inc. shares valued at $8,573 were divested by the EVP, Chief Strategy & Analysis at a price of $126.07 per share. As a result of the transaction, Argo Timothy now holds 15,517 shares, worth roughly $2.06 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 Monday, Mid-America Apartment Communities, Inc. [NYSE:MAA] saw its stock jump 4.42% to $132.72. Over the last five days, the stock has gained 3.12%. Mid-America Apartment Communities, Inc. shares have fallen nearly -1.29% since the year began. Nevertheless, the stocks have fallen -11.04% 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 $128.59, while 200 days put it at $134.32. A total of 1.13 million shares were traded, compared to the trading of 0.76 million shares in the previous session.
Levels Of Support And Resistance For MAA Stock
The 24-hour chart illustrates a support level at 129.52, which if violated will result in even more drops to 126.32. On the upside, there is a resistance level at 134.68. A further resistance level may holdings at 136.64. The Relative Strength Index (RSI) on the 14-day chart is 57.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.97, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 14.07%. Stochastics %K at 37.56% indicates the stock is a holding.
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 Mar 15, 2024, dropping by -0.65 million shares to a total of 2.39 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 3.04 million shares. There was a decline of -27.2%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.47% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.12.
