The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. 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 $18.94 million following the completion of this transaction.
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 $24.09 million.
As published in a research note from Mizuho on January 06, 2025, Avalonbay Communities Inc [AVB] has been rated up from a Neutral to an Outperform and the price target has been revised to $242 from $239. Analysts at JP Morgan upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in mid December. As of December 17, 2024, Barclays has initiated its “an Equal weight” rating for AVB. Earlier on September 11, 2024, Exane BNP Paribas initiated its rating. Their recommendation was “an Outperform” for AVB stock.
Analyzing AVB Stock Performance
During the last five days, there has been a surge of approximately 2.78%. Over the course of the year, Avalonbay Communities Inc shares have dropped approximately -1.30%. Shares of the company reached a 52-week high of $223.56 on 01/15/25 and a 52-week low of $209.33 on 01/08/25. A 50-day SMA is recorded $224.83, while a 200-day SMA reached $211.94. Nevertheless, trading volume fell to 0.82 million shares from 0.62 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 214.59, which, if violated, would cause prices to drop to 212.06. In the upper region, resistance lies at 221.60. The next price resistance is at 226.08. RSI (Relative Strength Index) is 45.05 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.25, which suggests the price will decrease in the coming days. Percent R is at 46.01%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
