Large Inflow of Money Detected in AvalonBay Communities

AvalonBay Communities (AVB) : The money flow analysis of AvalonBay Communities (AVB) indicates a $14.69 million of outflow was on downticks, whereas, the investors on Tuesday gobbled up stocks worth $18.04 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.23 and so was the total money flow at $3.35 million. The bulls lapped up $1.74 million worth of block trades on upticks. The money flow was $1.74 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of AvalonBay Communities (AVB), pushing it down by -0.52% for the day. The stock slid $0.91 and traded at $174.64 during the day. Nonetheless, the stock is 0.63% over the previous weeks close.


Also, BTIG Research initiates coverage on AvalonBay Communities (NYSE:AVB) . The global brokerage major announces a current price target of $208 per share. Analysts at the BTIG Research have a current rating of Buy on the shares. The rating by the firm was issued on August 25, 2016.

Avalonbay Communities Inc. has lost 0.31% in the last five trading days and dropped 6.59% in the last 4 weeks. Avalonbay Communities Inc. has dropped 0.36% during the last 3-month period . Year-to-Date the stock performance stands at -3.84%.

AvalonBay Communities (NYSE:AVB): The stock opened at $175.84 on Tuesday but the bulls could not build on the opening and the stock topped out at $175.84 for the day. The stock traded down to $173.28 during the day, due to lack of any buying support eventually closed down at $174.42 with a loss of -0.64% for the day. The stock had closed at $175.55 on the previous day. The total traded volume was 612,647 shares.

In a related news,The officer (Chief Operating Officer) of Avalonbay Communities Inc, Breslin Sean J. sold 1,000 shares at $185.71 on August 9, 2016. The Insider selling transaction had a total value worth of $185,710. 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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