The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Avery Dennison Corp. shares valued at $620,203 were purchased by Butier Mitchell R on Aug 08 ’24. At $206.73 per share, Butier Mitchell R acquired 3,000 shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Butier Mitchell R purchased 3,000 shares, netting a total of over 617,278 in proceeds.
Before that, Butier Mitchell R had sold 3,000 shares from its account. In a trade valued at $617,278, the Executive Chairman traded Avery Dennison Corp. shares for $205.76 each. Upon closing the transaction, the insider’s holdings decreased to 3,000 shares, worth approximately $63.17 million.
As published in a research note from UBS on July 25, 2024, Avery Dennison Corp. [AVY] has been rated down from a Buy to a Neutral and the price target has been revised to $235 from $262. Analysts at Stifel started covering the stock with ‘”a Buy”‘ outlook in a report released in early July. As of January 03, 2024, Citigroup has decreased its “Buy” rating to a “Neutral” for AVY. Earlier on January 02, 2024, BofA Securities downgraded its rating. Their new recommendation was “an Underperform” for AVY stock which previously was a “a Buy”.
Analyzing AVY Stock Performance
During the last five days, there has been a drop of approximately -2.95%. Over the course of the year, Avery Dennison Corp. shares have jumped approximately 2.76%. Shares of the company reached a 52-week high of $233.48 on 07/23/24 and a 52-week low of $193.49 on 01/09/24. A 50-day SMA is recorded $219.92, while a 200-day SMA reached $208.51. Nevertheless, trading volume fell to 0.51 million shares from 0.46 million shares the previous day.
Support And Resistance Levels for Avery Dennison Corp. (AVY)
According to the 24-hour chart, there is a support level at 204.09, which, if violated, would cause prices to drop to 200.45. In the upper region, resistance lies at 209.84. The next price resistance is at 211.95. RSI (Relative Strength Index) is 42.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.81, which suggests the price will decrease in the coming days. Percent R is at 79.82%, indicating bearish price movement. Stochastics%K at buying indicates that the stock is to be held.
