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 $13.02 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 $0.96 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 1.03% to $218.50. Over the last five days, the stock has lost -4.50%. Avalonbay Communities Inc shares have risen nearly 16.71% since the year began. Nevertheless, the stocks have risen 30.12% over the past one year. While a 52-week high of $236.26 was reached on 09/16/24, a 52-week low of $164.76 was recorded on 02/13/24. SMA at 50 days reached $225.42, while 200 days put it at $200.90.
Levels Of Support And Resistance For AVB Stock
The 24-hour chart illustrates a support level at 216.84, which if violated will result in even more drops to 215.18. On the upside, there is a resistance level at 219.60. A further resistance level may holdings at 220.70. The Relative Strength Index (RSI) on the 14-day chart is 40.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.79%. Stochastics %K at 13.33% 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 2024-10-15, dropping by -0.54 million shares to a total of 2.97 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.52 million shares. There was a decline of -18.33%, which implies that there is a negative sentiment for the stock.
