Mid-America Apartment Communities, Inc.’s filing revealed that its EVP, Chief Strategy & Analysis Argo Timothy unloaded Company’s shares for reported $8573.0 on Apr 05 ’24. In the deal valued at $126.07 per share,68 shares were sold. As a result of this transaction, Argo Timothy now holds 15,517 shares worth roughly $2.58 million.
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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, BOLTON H ERIC JR sold 2,642 shares. Mid-America Apartment Communities, Inc. shares valued at $333,077 were divested by the President and CEO at a price of $126.07 per share. As a result of the transaction, BOLTON H ERIC JR now holds 317,737 shares, worth roughly $52.8 million.
Exane BNP Paribas initiated its Mid-America Apartment Communities, Inc. [MAA] rating to a Neutral in a research note published on September 11, 2024; the price target was $169. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in early September with a ‘”a Buy”‘ rating. Wells Fargo also remained covering MAA and has increased its forecast on August 26, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating. BofA Securities revised its rating on August 12, 2024. It rated MAA as “a Buy” which previously was an “an Underperform”.
Price Performance Review of MAA
On Friday, Mid-America Apartment Communities, Inc. [NYSE:MAA] saw its stock jump 1.06% to $166.18. Over the last five days, the stock has gained 4.17%. Mid-America Apartment Communities, Inc. shares have risen nearly 23.59% since the year began. Nevertheless, the stocks have risen 21.72% over the past one year. While a 52-week high of $165.95 was reached on 09/13/24, a 52-week low of $115.56 was recorded on 02/13/24. SMA at 50 days reached $150.95, while 200 days put it at $136.61.
Levels Of Support And Resistance For MAA Stock
The 24-hour chart illustrates a support level at 164.69, which if violated will result in even more drops to 163.19. On the upside, there is a resistance level at 166.98. A further resistance level may holdings at 167.79. The Relative Strength Index (RSI) on the 14-day chart is 73.80, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.99, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.14%. Stochastics %K at 92.12% indicates the stock is a selling.
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 2024-08-30, growing by 28465.0 shares to a total of 2.87 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 2.84 million shares. There was a rise of 0.99%, which implies that there is a positive sentiment for the stock.
