Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Avalonbay Communities Inc shares valued at $5,532,494 were sold by NAUGHTON TIMOTHY J on Nov 13 ’24. At $233.47 per share, NAUGHTON TIMOTHY J sold 23,697 shares. The insider’s holdings dropped to 87,239 shares worth approximately $20.75 million following the completion of this transaction.
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Also, NAUGHTON TIMOTHY J sold 2,261 shares, netting a total of over 528,577 in proceeds. Following the sale of shares at $233.78 each, the insider now holds 111,436 shares.
Before that, NAUGHTON TIMOTHY J had sold 500 shares from its account. In a trade valued at $116,250, the Director traded Avalonbay Communities Inc shares for $232.50 each. Upon closing the transaction, the insider’s holdings decreased to 500 shares, worth approximately $26.38 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 4.24%. Over the course of the year, Avalonbay Communities Inc shares have jumped approximately 27.02%. Shares of the company reached a 52-week high of $239.29 on 11/27/24 and a 52-week low of $169.37 on 02/13/24. A 50-day SMA is recorded $226.58, while a 200-day SMA reached $205.55. Nevertheless, trading volume fell to 0.53 million shares from 0.73 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 236.60, which, if violated, would cause prices to drop to 235.38. In the upper region, resistance lies at 239.16. The next price resistance is at 240.50. RSI (Relative Strength Index) is 64.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.79, which suggests the price will increase in the coming days. Percent R is at 11.02%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
