Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Avient Corp shares valued at $839,589 were purchased by Patterson Robert M on Nov 17 ’23. At $34.55 per share, Patterson Robert M acquired 24,304 shares. The insider’s holdings grew to 610,897 shares worth approximately $25.88 million following the completion of this transaction.
Also, Rathbun Joel R. sold 6,743 shares, netting a total of over 262,819 in proceeds. Following the sale of shares at $38.98 each, the insider now holds 5,334 shares.
As published in a research note from Deutsche Bank on November 06, 2023, Avient Corp [AVNT] has been rated down from a Buy to a Hold and the price target has been revised to $37 from $46. Analysts at Oppenheimer upgraded the stock from ‘”a Perform”‘ to ‘”an Outperform”‘ outlook in a report released in mid February. As of October 17, 2022, Deutsche Bank has initiated its “Buy” rating for AVNT. Earlier on September 28, 2022, Oppenheimer downgraded its rating. Their new recommendation was “a Perform” for AVNT stock which previously was a “an Outperform”.
Analyzing AVNT Stock Performance
During the last five days, there has been a surge of approximately 0.52%. Over the course of the year, Avient Corp shares have jumped approximately 1.90%. Shares of the company reached a 52-week high of $43.97 on 04/04/24 and a 52-week low of $35.50 on 01/18/24. A 50-day SMA is recorded $40.73, while a 200-day SMA reached $37.84. Nevertheless, trading volume fell to 0.85 million shares from 0.94 million shares the previous day.
Support And Resistance Levels for Avient Corp (AVNT)
According to the 24-hour chart, there is a support level at 41.94, which, if violated, would cause prices to drop to 41.52. In the upper region, resistance lies at 42.94. The next price resistance is at 43.52. RSI (Relative Strength Index) is 54.43 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.29, which suggests the price will decrease in the coming days. Percent R is at 51.11%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
