On a relative basis, the stock has outperformed the S&P 500 by 8.31% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.63% in the last 1 week, and is up 10.06% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 42.55% from its 1 Year high price. On Jul 6, 2016, the shares registered one year high at $110.01 and the one year low was seen on Sep 10, 2015. The 50-Day Moving Average price is $102.38 and the 200 Day Moving Average price is recorded at $96.88.
The stock has recorded a 20-day Moving Average of 4.61% and the 50-Day Moving Average is 6.47%.
Mid-America Apartment Communities (NYSE:MAA): On Fridays trading session , Opening price of the stock was $108.74 with an intraday high of $109.65. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $107.55. However, the stock managed to close at $108.01, a loss of 0.44% for the day. On the previous day, the stock had closed at $108.49. The total traded volume of the day was 770,735 shares.
In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the Director Officer (President And Ceo) of MID AMERICA APARTMENT COMMUNITIES INC, Bolton H Eric Jr, had purchased 060 shares in a transaction dated on June 30, 2016. The transaction was executed at $82.88 per share with total amount equaling $4,973.
Mid-America Apartment Communities, Inc. is a multifamily focused, self-administered and self-managed Real Estate Investment Trust (REIT). The Company is the general partner of Mid-America Apartments, L.P. The Company owns, operates, acquires and develops apartment communities primarily located in the Southeast and Southwest regions of the United States. The Companys segments include large market same store communities, secondary market same store communities and non-same store communities and other. As of December 31, 2014, the Companys activities include full or partial ownership and operation of 268 multi-family properties and three commercial properties, located in Alabama, Arizona, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, Missouri, Nevada, North Carolina, South Carolina, Tennessee, Texas and Virginia.