Large Outflow of Money Witnessed in AvalonBay Communities

AvalonBay Communities (AVB) : Money flow in the AvalonBay Communities (AVB) stock was negative (10.25 million) on Friday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $16.31 million, compared to $26.56 million on downticks. The total uptick to downtick ratio was 0.61, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($8.89 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $8.89 million, indicating persistent selling. AvalonBay Communities (AVB) traded $0.04 higher at $175.85 gaining 0.02% over the previous days close.


The company Insiders own 0.53% of AvalonBay Communities shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -3.09% . Institutional Investors own 97.36% of AvalonBay Communities shares. During last six month period, the net percent change held by insiders has seen a change of -12.28%.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Chief Operating Officer) of Avalonbay Communities Inc, Breslin Sean J. had sold 1,000 shares worth of $185,710 in a transaction dated August 9, 2016. In this transaction, 1,000 shares were sold at $185.71 per share.

AvalonBay Communities (NYSE:AVB): stock was range-bound between the intraday low of $175.2 and the intraday high of $178.92 after having opened at $176.31 on Fridays session. The stock finally closed in the red at $176.31, a loss of -0.20%. The stock remained in the red for the whole trading day. The total traded volume was 759,527 shares. The stock failed to cross $178.92 in Fridays trading. The stocks closing price on Thursday was $175.81.

AvalonBay Communities (AVB) has been under a strong bear grip, hence the stock is down -3.79% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.59% in the past 1 week. The stock has risen by 1.1% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.92% in the past 4 weeks.

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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