Large Inflow of Money Detected in AvalonBay Communities

AvalonBay Communities (AVB) : $21.85 million worth of transactions were on upticks in AvalonBay Communities (AVB), compared to $13.15 million on downticks. The ratio between the two was 1.66, whereas, the net money flow stood at a healthy $8.7 million on Wednesdays session. The consistent buying on upticks in the stock accounted for $7.75million worth of trades. The total money flow into the stock stood at $7.75 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.26%. The stock was trading at $183.77, with a drop of $0.47 over the previous days close. The stock recorded 0.28% for the week.


Also, Major Brokerage house, Evercore Partners downgrades its ratings on AvalonBay Communities (NYSE:AVB). According to the latest information available, the shares are now rated Hold by the analysts at the agency. The rating by the firm was issued on July 15, 2016.

AvalonBay Communities (NYSE:AVB): The stock opened at $184.30 on Wednesday but the bulls could not build on the opening and the stock topped out at $184.60 for the day. The stock traded down to $182.67 during the day, due to lack of any buying support eventually closed down at $183.77 with a loss of -0.26% for the day. The stock had closed at $184.24 on the previous day. The total traded volume was 395,423 shares.

The stock has recorded a 20-day Moving Average of 1.89% and the 50-Day Moving Average is 3.1%. In a related news, The Securities and Exchange Commission has divulged that Mclaughlin William M, officer (Executive Vice President) of Avalonbay Communities Inc, had unloaded 10,000 shares at an average price of $190.93 in a transaction dated on May 10, 2016. The total value of the transaction was worth $1,909,300.

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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