Large Inflow of Money Witnessed in AvalonBay Communities

AvalonBay Communities (AVB) stock had a bullish inflow of $29.67 million worth of trades on uptick and an outflow of $22.14 million in downticks on Thursday. The total uptick to downtick ratio stood at 1.34. The net money flow into the stock was $7.53 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $6.92 million. $6.92 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, AvalonBay Communities (AVB) stock traded down $1.03 , and reached $180.85, a drop of -0.57% over the previous day. On a weekly basis, the stock is 0.07%, over the previous weeks close.


AvalonBay Communities (AVB) : The most positive equity analysts on AvalonBay Communities (AVB) expects the shares to touch $203, whereas, the least positive believes that the stock will trade at $179 in the short term. The company is covered by 15 Wall Street Brokerage Firms. The average price target for shares are $190.93 with an expected fluctuation of $6.99 from the mean. The stock has recorded a 20-day Moving Average of 3.92% and the 50-Day Moving Average is 1.83%.

AvalonBay Communities (NYSE:AVB): The stock opened at $181.68 on Thursday but the bulls could not build on the opening and the stock topped out at $181.93 for the day. The stock traded down to $179.45 during the day, due to lack of any buying support eventually closed down at $180.85 with a loss of -0.57% for the day. The stock had closed at $181.88 on the previous day. The total traded volume was 554,640 shares.

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.

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