Avery Dennison Corp.’s filing revealed that its Executive Chairman Butier Mitchell R unloaded Company’s shares for reported $2.15 million on Aug 22 ’24. In the deal valued at $215.23 per share,10,000 shares were sold. As a result of this transaction, Butier Mitchell R now holds 304,114 shares worth roughly $67.14 million.
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Then, Butier Mitchell R sold 7,108 shares, generating $1,550,367 in total proceeds. Upon selling the shares at $218.12, the Executive Chairman now owns 304,114 shares.
Before that, Butier Mitchell R bought 7,108 shares. Avery Dennison Corp. shares valued at $1,550,367 were divested by the Officer at a price of $218.12 per share.
UBS downgraded its Avery Dennison Corp. [AVY] rating to a Neutral from a a Buy in a research note published on July 25, 2024; the price target was decreased to $235 from $262. A number of analysts have revised their coverage, including Stifel’s analysts, who began to cover the stock in early July with a ‘”a Buy”‘ rating. Citigroup also remained covering AVY and has decreased its forecast on January 03, 2024 with a “Neutral” recommendation from previously “Buy” rating. BofA Securities revised its rating on January 02, 2024. It rated AVY as “an Underperform” which previously was an “a Buy”.
Price Performance Review of AVY
On Monday, Avery Dennison Corp. [NYSE:AVY] saw its stock fall -0.71% to $220.76. Over the last five days, the stock has gained 2.35%. Avery Dennison Corp. shares have risen nearly 9.20% since the year began. Nevertheless, the stocks have risen 20.28% over the past one year. While a 52-week high of $233.48 was reached on 07/23/24, a 52-week low of $165.21 was recorded on 01/09/24. SMA at 50 days reached $215.31, while 200 days put it at $214.32.
Levels Of Support And Resistance For AVY Stock
The 24-hour chart illustrates a support level at 219.36, which if violated will result in even more drops to 217.95. On the upside, there is a resistance level at 222.48. A further resistance level may holdings at 224.19. The Relative Strength Index (RSI) on the 14-day chart is 54.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.62, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 23.99%. Stochastics %K at 84.55% indicates the stock is a selling.
How much short interest is there in Avery Dennison Corp.?
A steep rise in short interest was recorded in Avery Dennison Corp. stocks on 2024-09-13, growing by 34295.0 shares to a total of 1.79 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 1.76 million shares. There was a rise of 1.91%, which implies that there is a positive sentiment for the stock.
