Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Avient Corp shares valued at $507,218 were sold by Rathbun Joel R. on Aug 07 ’24. At $43.36 per share, Rathbun Joel R. sold 11,698 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Rathbun Joel R. purchased 11,698 shares, netting a total of over 507,219 in proceeds.
Before that, Patterson Robert M had added 24,304 shares to its account. In a trade valued at $839,589, the Chairman, President & CEO bought Avient Corp shares for $34.55 each. Upon closing the transaction, the insider’s holdings increased to 24,304 shares, worth approximately $29.92 million.
As published in a research note from Deutsche Bank on August 07, 2024, Avient Corp [AVNT] has been rated up from a Hold to a Buy and the price target has been revised to $52 from $49. Analysts at Deutsche Bank downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early November. As of February 16, 2023, Oppenheimer has increased its “Perform” rating to a “an Outperform” for AVNT. Earlier on October 17, 2022, Deutsche Bank initiated its rating. Their recommendation was “a Buy” for AVNT stock.
Analyzing AVNT Stock Performance
During the last five days, there has been a surge of approximately 6.53%. Over the course of the year, Avient Corp shares have jumped approximately 17.80%. Shares of the company reached a 52-week high of $49.47 on 08/29/24 and a 52-week low of $35.50 on 01/18/24. A 50-day SMA is recorded $45.87, while a 200-day SMA reached $42.31. Nevertheless, trading volume fell to 1.23 million shares from 0.3 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 48.50, which, if violated, would cause prices to drop to 48.04. In the upper region, resistance lies at 49.28. The next price resistance is at 49.60. RSI (Relative Strength Index) is 63.76 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.33, which suggests the price will increase in the coming days. Percent R is at 7.32%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
