Avalonbay Communities Inc’s recently made public 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 $19.8 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 $25.18 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 0.19% to $226.99. Over the last five days, the stock has lost -1.65%. Avalonbay Communities Inc shares have risen nearly 21.24% since the year began. Nevertheless, the stocks have risen 29.43% over the past one year. While a 52-week high of $239.29 was reached on 11/27/24, a 52-week low of $169.37 was recorded on 02/13/24. SMA at 50 days reached $226.52, while 200 days put it at $207.39.
Levels Of Support And Resistance For AVB Stock
The 24-hour chart illustrates a support level at 225.18, which if violated will result in even more drops to 223.36. On the upside, there is a resistance level at 228.19. A further resistance level may holdings at 229.38. The Relative Strength Index (RSI) on the 14-day chart is 46.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.96, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.50%. Stochastics %K at 10.21% 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 2024-11-15, dropping by -0.15 million shares to a total of 2.82 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 2.97 million shares. There was a decline of -5.38%, which implies that there is a negative sentiment for the stock.
