Avalonbay Communities Inc.’s recent filing unveils 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 $13.35 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 $0.98 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 fall -1.32% to $224.15. Over the last five days, the stock has gained 1.14%. Avalonbay Communities Inc. shares have risen nearly 19.73% since the year began. Nevertheless, the stocks have risen 29.53% 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 $223.48, while 200 days put it at $198.72.
Levels Of Support And Resistance For AVB Stock
The 24-hour chart illustrates a support level at 222.52, which if violated will result in even more drops to 220.89. On the upside, there is a resistance level at 226.16. A further resistance level may holdings at 228.17. The Relative Strength Index (RSI) on the 14-day chart is 51.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.87, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 30.70%. Stochastics %K at 85.55% indicates the stock is a selling.
How much short interest is there in Avalonbay Communities Inc.?
A steep rise in short interest was recorded in Avalonbay Communities Inc. stocks on 2024-09-30, growing by 1.56 million shares to a total of 3.38 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 1.82 million shares. There was a rise of 46.22%, which implies that there is a positive sentiment for the stock.
