Avery Dennison Corp.’s recent filing unveils that its President, Materials Group Yost Ryan D unloaded Company’s shares for reported $0.3 million on Mar 11 ’24. In the deal valued at $213.29 per share,1,400 shares were sold. As a result of this transaction, Yost Ryan D now holds 2,843 shares worth roughly $0.62 million.
Then, Butier Mitchell R sold 17,373 shares, generating $3,762,017 in total proceeds. Upon selling the shares at $216.54, the Executive Chairman now owns 304,114 shares.
Before that, Butier Mitchell R sold 8,168 shares. Avery Dennison Corp. shares valued at $1,775,372 were divested by the Executive Chairman at a price of $217.36 per share. As a result of the transaction, Butier Mitchell R now holds 321,487 shares, worth roughly $70.57 million.
Citigroup downgraded its Avery Dennison Corp. [AVY] rating to a Neutral from a a Buy in a research note published on January 03, 2024; the price target was increased to $214 from $197. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “an Underperform”. UBS revised its rating on August 23, 2023. It rated AVY as “a Buy” which previously was an “a Neutral”.
Price Performance Review of AVY
On Tuesday, Avery Dennison Corp. [NYSE:AVY] saw its stock jump 0.60% to $219.52. Over the last five days, the stock has lost -0.39%. Avery Dennison Corp. shares have risen nearly 8.59% since the year began. Nevertheless, the stocks have risen 24.11% over the past one year. While a 52-week high of $225.26 was reached on 03/28/24, a 52-week low of $158.93 was recorded on 01/09/24. SMA at 50 days reached $212.53, while 200 days put it at $191.90. A total of 0.28 million shares were traded, compared to the trading of 0.32 million shares in the previous session.
Levels Of Support And Resistance For AVY Stock
The 24-hour chart illustrates a support level at 218.05, which if violated will result in even more drops to 216.59. On the upside, there is a resistance level at 220.35. A further resistance level may holdings at 221.19. The Relative Strength Index (RSI) on the 14-day chart is 56.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.89, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.88%. Stochastics %K at 39.89% indicates the stock is a holding.
How much short interest is there in Avery Dennison Corp.?
A steep rise in short interest was recorded in Avery Dennison Corp. stocks on Mar 28, 2024, growing by 90000.0 shares to a total of 1.3 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 1.21 million shares. There was a rise of 6.92%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.84% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.15.
