In a filing, Avalonbay Communities Inc revealed 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 $19.13 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 $24.32 million.
Morgan Stanley downgraded its Avalonbay Communities Inc [AVB] rating to an Equal-weight from a an Overweight in a research note published on January 24, 2025; the price target was decreased to $223 from $236. A number of analysts have revised their coverage, including Mizuho’s analysts, who increased its forecast for the stock in early January from “a Neutral” to “an Outperform”. JP Morgan also remained covering AVB and has increased its forecast on December 17, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. Barclays started covering the stock on December 17, 2024. It rated AVB as “an Equal weight”.
Price Performance Review of AVB
On Monday, Avalonbay Communities Inc [NYSE:AVB] saw its stock fall -0.41% to $219.26. Over the last five days, the stock has lost -0.48%. Avalonbay Communities Inc shares have fallen nearly -0.32% since the year began. Nevertheless, the stocks have risen 26.87% over the past one year. While a 52-week high of $239.10 was reached on 02/05/25, a 52-week low of $168.79 was recorded on 01/08/25. SMA at 50 days reached $221.58, while 200 days put it at $214.96.
Levels Of Support And Resistance For AVB Stock
The 24-hour chart illustrates a support level at 217.07, which if violated will result in even more drops to 214.89. On the upside, there is a resistance level at 220.69. A further resistance level may holdings at 222.11. The Relative Strength Index (RSI) on the 14-day chart is 49.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.43, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 44.04%. Stochastics %K at 63.90% 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 2025-01-15, growing by 49004.0 shares to a total of 2.91 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 2.86 million shares. There was a rise of 1.69%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 11, 2024 when Exane BNP Paribas began covering the stock and recommended ‘”an Outperform”‘ rating along with a $250 price target.
