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.
JP Morgan upgraded its Avalonbay Communities Inc [AVB] rating to an Overweight from a a Neutral in a research note published on December 17, 2024; the price target was increased to $262 from $247. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in mid December with a ‘”an Equal weight”‘ rating. Exane BNP Paribas began covering AVB with “an Outperform” recommendation on September 11, 2024. Evercore ISI revised its rating on May 13, 2024. It rated AVB as “an In-line” which previously was an “an Outperform”.
Price Performance Review of AVB
On Tuesday, Avalonbay Communities Inc [NYSE:AVB] saw its stock fall -0.25% to $226.94. Over the last five days, the stock has gained 0.84%. Avalonbay Communities Inc shares have risen nearly 21.22% since the year began. Nevertheless, the stocks have risen 20.78% 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 $227.12, while 200 days put it at $208.87.
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 223.42. On the upside, there is a resistance level at 229.04. A further resistance level may holdings at 231.14. The Relative Strength Index (RSI) on the 14-day chart is 47.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.63, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.69%. Stochastics %K at 21.40% 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 2024-11-29, dropping by -0.27 million shares to a total of 2.7 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 2.97 million shares. There was a decline of -9.89%, which implies that there is a negative sentiment for the stock.
