AvalonBay Communities $AVB Stock At Critical Support After Dark Pool Selling

  • Post category:Dark Pool Stocks
  • Reading time:4 mins read
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AvalonBay Communities $AVB stock is testing a critical support level on November 2, 2022. If the $168 support level fails to hold, we could see a big move lower as short sellers target $AVB stock.

Dark Pool Trades In AvalonBay $AVB Stock

Dark pool trades occurred in AvalonBay $AVB stock at the end of September 2022. We think the unusually large dark pool orders were selling because $AVB stock dropped after the trades hit the tape.

AvalonBay stock chart on November 2, 2022, with dark pool trades in orange bars with a table to the right with the text TIME SYMBOL MESSAGE PRICE 09/30/22 AVB 166,493 DARK BLOCK $30.0M 24.28% AvgVol $184.30 09/30/22 AVB Unusual Dark Pool Activity $184.30 09/27/22 AVB 137,263 DARK BLOCK $25.0M 21.2% AvgVol $185.52 09/27/22 AVB Unusual Dark Pool Activity $185.52 09/16/22 AVB 150,887 DARK AVGPRC $30.0M 25.94% AvgVol $199.02 09/16/22 AVB Unusual Dark Pool Activity $199.02

AvalonBay price target lowered at Jefferies

On October 19, 2022, Jefferies analyst Linda Tsai lowered the price target on AvalonBay to $190 and kept a Hold rating on the shares. Tsai says that Apartment REITs have positive aspects, like better exposure to growth markets and the ability to increase rents faster in a rising inflation environment, but she recommends choosing stocks more carefully in a slower growth environment.

AvalonBay price target lowered at Piper Sandler

On October 7, 2022 Piper Sandler analyst Alexander Goldfarb lowered the company’s price target on AvalonBay to $189 from $205 and maintained a neutral rating on the stock. The analyst cut his price targets across the board due to continued increases in risk premia.

AvalonBay price target lowered at Evercore ISI

On September 27, 2022, Evercore ISI analyst Steve Sakwa lowered the firm’s price target on AvalonBay to $217 from $220 and keeps an In Line rating on the shares. Sakwa said that a third straight increase of 75 basis points was expected from the Fed, but the continued hawkish stance toward inflation spooked the market and REITs fell nearly 6.5% across the REIT sector. He is making another series of revisions to his interest rate forecasts and in addition to that, he has trimmed his targeted AFFO multiples across the board in his REITs coverage.

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AvalonBay $AVB Stock Technical Analysis

AvalonBay $AVB stock is in a technical strong downtrend. Long-term indicators support a continuation of the downtrend. The stock is testing a critical support level at $168 that could be a do or die pivot level for traders.

AvalonBay stock chart on November 2, 2022, in a downtrend channel chart pattern with a fading MACD and a negative money flow.
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