AvalonBay Communities (AVB) has been under a strong bear grip, hence the stock is down -0.61% 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 0.24% 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 0.18% in the last 1 week, and is up 2.73% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 1.22% and the 50-Day Moving Average is 4.38%. Avalonbay Communities Inc. is up 5.83% in the last 3-month period. Year-to-Date the stock performance stands at 2.35%.
AvalonBay Communities (NYSE:AVB): stock turned positive on Friday. Though the stock opened at $182.28, the bulls momentum made the stock top out at $187.43 level for the day. The stock recorded a low of $182.28 and closed the trading day at $185.65, in the green by 1.85%. The total traded volume for the day was 921,959. The stock had closed at $182.28 in the previous days trading.
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.