Avalonbay Communities Inc.’s filing revealed that its Chief Operating Officer Breslin Sean J. unloaded Company’s shares for reported $0.86 million on Aug 15 ’24. In the deal valued at $215.44 per share,4,000 shares were sold. As a result of this transaction, Breslin Sean J. now holds 59,579 shares worth roughly $13.42 million.
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Then, Breslin Sean J. bought 4,000 shares, generating $861,768 in total proceeds.
Before that, Shea Keri A sold 2,000 shares. Avalonbay Communities Inc. shares valued at $414,336 were divested by the SVP-Finance and Treasurer at a price of $207.17 per share. As a result of the transaction, Shea Keri A now holds 4,383 shares, worth roughly $0.99 million.
Exane BNP Paribas initiated its Avalonbay Communities Inc. [AVB] rating to an Outperform in a research note published on September 11, 2024; the price target was $250. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who decreased its forecast for the stock in mid May from “an Outperform” to “an In-line”. Morgan Stanley also remained covering AVB and has increased its forecast on February 26, 2024 with a “an Overweight” recommendation from previously “an Equal-weight” rating.
Price Performance Review of AVB
On Monday, Avalonbay Communities Inc. [NYSE:AVB] saw its stock jump 0.01% to $225.25. Over the last five days, the stock has lost -3.40%. Avalonbay Communities Inc. shares have risen nearly 20.31% since the year began. Nevertheless, the stocks have risen 31.50% over the past one year. While a 52-week high of $236.26 was reached on 09/16/24, a 52-week low of $160.45 was recorded on 02/13/24. SMA at 50 days reached $219.26, while 200 days put it at $196.16.
Levels Of Support And Resistance For AVB Stock
The 24-hour chart illustrates a support level at 222.96, which if violated will result in even more drops to 220.68. On the upside, there is a resistance level at 226.53. A further resistance level may holdings at 227.82. The Relative Strength Index (RSI) on the 14-day chart is 48.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.99%. Stochastics %K at 17.58% indicates the stock is a buying.
How much short interest is there in Avalonbay Communities Inc.?
A steep rise in short interest was recorded in Avalonbay Communities Inc. stocks on 2024-09-13, growing by 2.0 million shares to a total of 3.52 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 1.51 million shares. There was a rise of 56.93%, which implies that there is a positive sentiment for the stock.
