AvalonBay Communities (NYSE:AVB) : Traders are bullish on AvalonBay Communities (NYSE:AVB) as it has outperformed the S&P 500 by a wide margin of 7.02% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.04%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.34% in the last 1 week, and is up 8.75% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 10.50% from its 1 Year high price. On May 10, 2016, the shares registered one year high at $192.29 and the one year low was seen on Sep 4, 2015. The 50-Day Moving Average price is $176.26 and the 200 Day Moving Average price is recorded at $178.81.
The stock has recorded a 20-day Moving Average of 5.89% and the 50-Day Moving Average is 4.13%.
AvalonBay Communities (NYSE:AVB): stock turned positive on Friday. Though the stock opened at $182.64, the bulls momentum made the stock top out at $185.17 level for the day. The stock recorded a low of $181.52 and closed the trading day at $184.94, in the green by 2.26%. The total traded volume for the day was 1,098,134. The stock had closed at $180.85 in the previous days trading.
In an insider trading activity, The officer (Executive Vice President), of Avalonbay Communities Inc, Mclaughlin William M had unloaded 10,000 shares at $190.93 per share in a transaction on May 10, 2016. The total value of transaction was $1,909,300. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
AvalonBay Communities, Inc. is a real estate investment trust (REIT). The Company develops, redevelops, acquires, owns and operates multifamily communities primarily in New England, the New York/New Jersey metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California. It focuses on metropolitan areas in these regions. The Company operates in three segments: Established Communities, Other Stabilized Communities and Development/Redevelopment Communities. It owns an ownership interest in around 252 operating apartment communities containing 74,240 apartment homes in 11 states and the District of Columbia, of which around 228 communities contain around 66,631 apartment homes; two communities containing over 618 apartment homes were held by joint ventures in which it holds an ownership interest, and approximately 22 communities contain around 6,991 apartment homes. It operates apartment communities under three core brands: Avalon, AVA and Eaves by Avalon.