Avnet Inc.’s filing revealed that its SVP Obregon-Jimenez Rebeca unloaded Company’s shares for reported $0.1 million on Feb 22 ’24. In the deal valued at $46.04 per share,2,210 shares were sold. As a result of this transaction, Obregon-Jimenez Rebeca now holds 14,281 shares worth roughly $0.72 million.
Then, LAWRENCE JAMES A sold 8,190 shares, generating $387,387 in total proceeds. Upon selling the shares at $47.30, the Director now owns 0 shares.
Before that, LAWRENCE JAMES A sold 6,910 shares. Avnet Inc. shares valued at $329,469 were divested by the Director at a price of $47.68 per share. As a result of the transaction, LAWRENCE JAMES A now holds 8,190 shares, worth roughly $0.41 million.
Wells Fargo downgraded its Avnet Inc. [AVT] rating to an Underweight from a an Equal weight in a research note published on September 16, 2022; the price target was decreased to $35 from $45. A number of analysts have revised their coverage, including JP Morgan’s analysts, who began to cover the stock in mid July with a ‘”an Underweight”‘ rating. BofA Securities also remained covering AVT and reiterated its “Neutral” recommendation on October 07, 2021. Loop Capital revised its rating on April 30, 2021. It rated AVT as “a Buy” which previously was an “a Hold”.
Price Performance Review of AVT
On Friday, Avnet Inc. [NASDAQ:AVT] saw its stock jump 1.05% to $50.10. Over the last five days, the stock has gained 7.37%. Avnet Inc. shares have fallen nearly -0.60% since the year began. Nevertheless, the stocks have risen 23.95% over the past one year. While a 52-week high of $51.65 was reached on 04/26/24, a 52-week low of $39.64 was recorded on 02/08/24. SMA at 50 days reached $47.51, while 200 days put it at $47.56. A total of 0.53 million shares were traded, compared to the trading of 0.71 million shares in the previous session.
Levels Of Support And Resistance For AVT Stock
The 24-hour chart illustrates a support level at 49.67, which if violated will result in even more drops to 49.25. On the upside, there is a resistance level at 50.40. A further resistance level may holdings at 50.71. The Relative Strength Index (RSI) on the 14-day chart is 64.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.65, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.46%. Stochastics %K at 95.03% indicates the stock is a selling.
