Apartment Investment and Management Company (AIV) Stock: Worthy of a Trade, Wary of an Investment

The stock of Apartment Investment and Management Company (NYSE:AIV) has been Upgraded to Outperform from Market Perform by BMO Capital Markets in its latest research note that was published on September 06. AIV was given a price target of$58 by BMO Capital Markets, with other Wall Street analysts also giving their reports regarding the stock. Mizuho analysts bumped their recommendation on AIV stock from Neutral to Buy in a separate flash note to investors on August 06. Analysts at SunTrust downgraded the stock to a Hold call from its previous Buy stance, in a research note that dated back to February 25.

Apartment Investment and Management Company, which has current market capitalization of above $8 Billion, published its last quarter earnings on June 30, 2019.

AIV surged by $0.66 during the normal trading session on Thursday and reaching a high of $51.65 during the day while it closed the day at $51.11. The Apartment stock had a high trading volume of 1.08 million shares on that day, which is high compared to the average daily volume of 1.06M shares. AIV has also gained 0.08% of its value over the past 7 days. However, the stock has declined by 0.53% in the 3 months of the year. Over the past six months meanwhile, it has gained 0.67% while it has added 16.83% year-on date. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -2.63% from its 3 months high price. However, taking another look at AIV will indicate that it is trading +6.43% away from its 90-day low. Looking at the bigger picture, the Apartment Investment and Management Company stock has dropped by -2.63% from its 52-week high while it has surged by +22.48% from its 52-week low price.

On August 16, 2019 NELSON KATHLEEN M., Director sold 2400 shares of the company. The average price for that transaction was $50.16 per share, which meant that NELSON KATHLEEN M. earned $120384 selling the stocks. The sale was made public, with the document of the transaction filed with the SEC. Another insider trading occurred, with Executive Vice President, CORTEZ MILES selling 6205 shares of this stock on May 22, 2019. The average selling price for the stock was $50.3 per share, with the sold stock accruing $312111.5. Following this transaction, the Executive Vice President CORTEZ MILES now holds 35187 shares of the company, which is worth around $1794185.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 69.13%. This figure is better than the company’s 20-day Raw Stochastic average which currently stands at 67.1%. Over the past 20 days, Apartment’s Stochastic %K stood at 62.22% while its Stochastic %D was revealed to be 67.97%.