Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Avalonbay Communities Inc. shares valued at $861,768 were sold by Breslin Sean J. on Aug 15 ’24. At $215.44 per share, Breslin Sean J. sold 4,000 shares. The insider’s holdings dropped to 59,579 shares worth approximately $13.69 million following the completion of this transaction.
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Also, Breslin Sean J. purchased 4,000 shares, netting a total of over 861,768 in proceeds.
Before that, Shea Keri A had sold 2,000 shares from its account. In a trade valued at $414,336, the SVP-Finance and Treasurer traded Avalonbay Communities Inc. shares for $207.17 each. Upon closing the transaction, the insider’s holdings decreased to 2,000 shares, worth approximately $1.01 million.
As published in their initiating research note from Exane BNP Paribas on September 11, 2024, Avalonbay Communities Inc. [AVB] has been an Outperform and the price target has been revised to $250. Analysts at Evercore ISI downgraded the stock from ‘”an Outperform”‘ to ‘”an In-line”‘ outlook in a report released in mid May. As of February 26, 2024, Morgan Stanley has increased its “an Equal-weight” rating to a “an Overweight” for AVB.
Analyzing AVB Stock Performance
During the last five days, there has been a surge of approximately 1.91%. Over the course of the year, Avalonbay Communities Inc. shares have jumped approximately 22.73%. Shares of the company reached a 52-week high of $236.26 on 09/16/24 and a 52-week low of $169.37 on 02/13/24. A 50-day SMA is recorded $224.46, while a 200-day SMA reached $199.39. Nevertheless, trading volume fell to 0.65 million shares from 0.71 million shares the previous day.
Support And Resistance Levels for Avalonbay Communities Inc. (AVB)
According to the 24-hour chart, there is a support level at 228.52, which, if violated, would cause prices to drop to 227.27. In the upper region, resistance lies at 231.20. The next price resistance is at 232.63. RSI (Relative Strength Index) is 61.98 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.92, which suggests the price will increase in the coming days. Percent R is at 10.53%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
