Large Outflow of Money Witnessed in AvalonBay Communities

AvalonBay Communities (AVB) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (15.02 million) in AvalonBay Communities (AVB). On Friday, The value of composite uptick trades was $36.09 million, whereas, the value of composite downtick trades was $51.12 million and the ratio between the two was 0.71, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $32.92 million. $14.43 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.44. The negative money flow of ($18.48 million) shows selling on strength. AvalonBay Communities (AVB) gained $1.32 intraday at $185.32 and registrered 0.72% for the week.


AvalonBay Communities (AVB) : Average target price received by AvalonBay Communities (AVB) is $191.44 with an expected standard deviation of $6.33. The most aggressive target on the stock is $203, whereas the most downbeat target is $179. 16 financial analysts are currently covering the stock.

AvalonBay Communities (NYSE:AVB): stock turned positive on Friday. Though the stock opened at $184.17, the bulls momentum made the stock top out at $185.89 level for the day. The stock recorded a low of $183.96 and closed the trading day at $185.32, in the green by 0.72%. The total traded volume for the day was 732,408. The stock had closed at $184 in the previous days trading.

In a related news,The officer (Executive Vice President) of Avalonbay Communities Inc, Mclaughlin William M sold 10,000 shares at $190.93 on May 10, 2016. The Insider selling transaction had a total value worth of $1,909,300. The Insider information was disclosed with 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.

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