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 $18.39 million.
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 $23.38 million.
Mizuho upgraded its Avalonbay Communities Inc [AVB] rating to an Outperform from a a Neutral in a research note published on January 06, 2025; the price target was increased to $242 from $239. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in mid December from “a Neutral” to “an Overweight”. Barclays began covering AVB with “an Equal weight” recommendation on December 17, 2024. Exane BNP Paribas started covering the stock on September 11, 2024. It rated AVB as “an Outperform”.
Price Performance Review of AVB
On Friday, Avalonbay Communities Inc [NYSE:AVB] saw its stock fall -0.75% to $210.77. Over the last five days, the stock has lost -2.90%. Avalonbay Communities Inc shares have fallen nearly -4.18% since the year began. Nevertheless, the stocks have risen 15.11% over the past one year. While a 52-week high of $239.29 was reached on 01/06/25, a 52-week low of $169.37 was recorded on 01/08/25. SMA at 50 days reached $225.34, while 200 days put it at $211.43.
Levels Of Support And Resistance For AVB Stock
The 24-hour chart illustrates a support level at 209.22, which if violated will result in even more drops to 207.67. On the upside, there is a resistance level at 213.44. A further resistance level may holdings at 216.11. The Relative Strength Index (RSI) on the 14-day chart is 31.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.26%. Stochastics %K at 13.77% 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 2024-12-13, growing by 36967.0 shares to a total of 2.86 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 2.82 million shares. There was a rise of 1.29%, which implies that there is a positive sentiment for the stock.
