Shares of Apartment Investment & Management Co. (NYSE:AIV) traded at a new 52-week high today of $54.13. This new high was reached on below average trading volume as 55,000 shares traded hands, while the average 30-day volume is approximately 1 million shares.
Apartment Investment & Management Co. (NYSE:AIV) defies analysts with a current price ($54.11) 17.5% above its average consensus price target of $44.64. The stock should discover initial support at its 50-day moving average (MA) of $51.60 and subsequent support at its 200-day MA of $50.09.
In the past 52 weeks, shares of Apartment Investment & Management Co. have traded between a low of $41.90 and a high of $54.13 and is now at $54.11, which is 29% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.6%.
Aimco is a real estate investment trust focused on the ownership and management of quality apartment communities located in select markets in the United States. Aimco is one of the country's largest owners and operators of apartments, with ownership interests in 132 communities in 17 states and the District of Columbia. Aimco common shares are traded on the New York Stock Exchange under the ticker symbol AIV, and are included in the S&P 500.
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