Avient Corp’s filing revealed that its SVP, Mergers & Acquisitions Rathbun Joel R. unloaded Company’s shares for reported $0.51 million on Aug 07 ’24. In the deal valued at $43.36 per share,11,698 shares were sold. As a result of this transaction, Rathbun Joel R. now holds 0 shares worth roughly $-0.0.
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Then, Rathbun Joel R. bought 11,698 shares, generating $507,219 in total proceeds.
Before that, Patterson Robert M bought 24,304 shares. Avient Corp shares valued at $839,589 were divested by the Chairman, President & CEO at a price of $34.55 per share. As a result of the transaction, Patterson Robert M now holds 610,897 shares, worth roughly $30.42 million.
Deutsche Bank upgraded its Avient Corp [AVNT] rating to a Buy from a a Hold in a research note published on August 07, 2024; the price target was increased to $52 from $49. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who decreased its forecast for the stock in early November from “a Buy” to “a Hold”. Oppenheimer also remained covering AVNT and has increased its forecast on February 16, 2023 with a “an Outperform” recommendation from previously “Perform” rating. Deutsche Bank started covering the stock on October 17, 2022. It rated AVNT as “a Buy”.
Price Performance Review of AVNT
On Monday, Avient Corp [NYSE:AVNT] saw its stock jump 2.66% to $49.80. Over the last five days, the stock has gained 1.78%. Avient Corp shares have risen nearly 19.80% since the year began. Nevertheless, the stocks have risen 52.67% over the past one year. While a 52-week high of $51.51 was reached on 09/27/24, a 52-week low of $27.73 was recorded on 01/18/24. SMA at 50 days reached $47.31, while 200 days put it at $43.22.
Levels Of Support And Resistance For AVNT Stock
The 24-hour chart illustrates a support level at 48.76, which if violated will result in even more drops to 47.73. On the upside, there is a resistance level at 50.33. A further resistance level may holdings at 50.87. The Relative Strength Index (RSI) on the 14-day chart is 58.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.49, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.65%. Stochastics %K at 24.90% indicates the stock is a holding.
How much short interest is there in Avient Corp?
A steep rise in short interest was recorded in Avient Corp stocks on 2024-09-30, dropping by -0.21 million shares to a total of 1.11 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 1.32 million shares. There was a decline of -19.23%, which implies that there is a negative sentiment for the stock.
