Avalonbay Communities Inc’s recent filing unveils that its Director NAUGHTON TIMOTHY J unloaded Company’s shares for reported $5.53 million on Nov 13 ’24. In the deal valued at $233.47 per share,23,697 shares were sold. As a result of this transaction, NAUGHTON TIMOTHY J now holds 87,239 shares worth roughly $20.01 million.
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Then, NAUGHTON TIMOTHY J sold 2,261 shares, generating $528,577 in total proceeds. Upon selling the shares at $233.78, the Director now owns 111,436 shares.
Before that, NAUGHTON TIMOTHY J sold 500 shares. Avalonbay Communities Inc shares valued at $116,250 were divested by the Director at a price of $232.50 per share. As a result of the transaction, NAUGHTON TIMOTHY J now holds 110,936 shares, worth roughly $25.45 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 Friday, Avalonbay Communities Inc [NYSE:AVB] saw its stock jump 0.65% to $229.41. Over the last five days, the stock has lost -1.86%. Avalonbay Communities Inc shares have risen nearly 22.53% since the year began. Nevertheless, the stocks have risen 34.19% over the past one year. While a 52-week high of $236.26 was reached on 09/16/24, a 52-week low of $166.60 was recorded on 02/13/24. SMA at 50 days reached $226.38, while 200 days put it at $203.21.
Levels Of Support And Resistance For AVB Stock
The 24-hour chart illustrates a support level at 226.82, which if violated will result in even more drops to 224.22. On the upside, there is a resistance level at 231.05. A further resistance level may holdings at 232.69. The Relative Strength Index (RSI) on the 14-day chart is 53.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.17, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 31.32%. Stochastics %K at 72.52% indicates the stock is a holding.
How much short interest is there in Avalonbay Communities Inc?
A steep rise in short interest was recorded in Avalonbay Communities Inc stocks on 2024-10-31, dropping by -0.41 million shares to a total of 2.97 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.38 million shares. There was a decline of -13.85%, which implies that there is a negative sentiment for the stock.
