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Avient Corp (AVNT) receives a Hold rating from Deutsche Bank

Avient Corp’s recent filing unveils that its Chairman, President & CEO Patterson Robert M acquired Company’s shares for reported $0.84 million on Nov 17 ’23. In the deal valued at $34.55 per share,24,304 shares were bought. As a result of this transaction, Patterson Robert M now holds 610,897 shares worth roughly $27.69 million.

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Then, Rathbun Joel R. sold 6,743 shares, generating $262,819 in total proceeds. Upon selling the shares at $38.98, the SVP, Mergers & Acquisitions now owns 5,334 shares.

Deutsche Bank downgraded its Avient Corp [AVNT] rating to a Hold from a a Buy in a research note published on November 06, 2023; the price target was decreased to $37 from $46. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who increased its forecast for the stock in mid February from “a Perform” to “an Outperform”. Deutsche Bank began covering AVNT with “Buy” recommendation on October 17, 2022. Oppenheimer revised its rating on September 28, 2022. It rated AVNT as “a Perform” which previously was an “an Outperform”.

Price Performance Review of AVNT

On Tuesday, Avient Corp [NYSE:AVNT] saw its stock fall -0.44% to $45.33. Over the last five days, the stock has lost -2.14%. Avient Corp shares have risen nearly 9.04% since the year began. Nevertheless, the stocks have risen 17.37% over the past one year. While a 52-week high of $47.87 was reached on 05/07/24, a 52-week low of $27.73 was recorded on 01/18/24. SMA at 50 days reached $42.61, while 200 days put it at $38.16. A total of 0.38 million shares were traded, compared to the trading of 0.38 million shares in the previous session.

Levels Of Support And Resistance For AVNT Stock

The 24-hour chart illustrates a support level at 45.08, which if violated will result in even more drops to 44.82. On the upside, there is a resistance level at 45.81. A further resistance level may holdings at 46.28. The Relative Strength Index (RSI) on the 14-day chart is 62.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.12, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 44.72%. Stochastics %K at 57.34% indicates the stock is a holding.

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