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A company insider recently sold 5,000 shares of Avalonbay Communities Inc. [AVB]. Should You also Consider to Sale?

Avalonbay Communities Inc.’s filing revealed that its Chief Financial Officer O’Shea Kevin P. unloaded Company’s shares for reported $0.93 million on Mar 08 ’24. In the deal valued at $185.65 per share,5,000 shares were sold. As a result of this transaction, O’Shea Kevin P. now holds 31,308 shares worth roughly $6.39 million.

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Then, Lockridge Joanne M sold 1,750 shares, generating $323,925 in total proceeds. Upon selling the shares at $185.10, the Executive Vice President now owns 21,907 shares.

Before that, Lockridge Joanne M sold 3,331 shares. Avalonbay Communities Inc. shares valued at $620,399 were divested by the Executive Vice President at a price of $186.25 per share. As a result of the transaction, Lockridge Joanne M now holds 21,558 shares, worth roughly $4.4 million.

Evercore ISI downgraded its Avalonbay Communities Inc. [AVB] rating to an In-line from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in late February from “an Equal-weight” to “an Overweight”. Barclays revised its rating on February 20, 2024. It rated AVB as “an Overweight” which previously was an “an Equal weight”.

Price Performance Review of AVB

On Tuesday, Avalonbay Communities Inc. [NYSE:AVB] saw its stock fall -0.06% to $204.20. Over the last five days, the stock has lost -0.04%. Avalonbay Communities Inc. shares have risen nearly 9.07% since the year began. Nevertheless, the stocks have risen 7.89% over the past one year. While a 52-week high of $208.45 was reached on 06/28/24, a 52-week low of $160.45 was recorded on 02/13/24. SMA at 50 days reached $196.96, while 200 days put it at $182.53. A total of 0.78 million shares were traded, compared to the trading of 0.69 million shares in the previous session.

Levels Of Support And Resistance For AVB Stock

The 24-hour chart illustrates a support level at 203.31, which if violated will result in even more drops to 202.43. On the upside, there is a resistance level at 205.17. A further resistance level may holdings at 206.15. The Relative Strength Index (RSI) on the 14-day chart is 59.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.80, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 40.67%. Stochastics%K at 70.44% indicates the stock is a holding.

The most recent change occurred on January 30, 2024 when Deutsche Bank began covering the stock and recommended ‘”a Buy”‘ rating along with a $206 price target.

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