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 $64.59 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.
BofA Securities upgraded its Avery Dennison Corp. [AVY] rating to a Buy from a an Underperform in a research note published on October 17, 2024; the price target was increased to $250 from $207. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early October with a ‘”an Overweight”‘ rating. UBS also remained covering AVY and has decreased its forecast on July 25, 2024 with a “Neutral” recommendation from previously “Buy” rating. Stifel started covering the stock on July 09, 2024. It rated AVY as “a Buy”.
Price Performance Review of AVY
On Tuesday, Avery Dennison Corp. [NYSE:AVY] saw its stock fall -1.40% to $212.39. Over the last five days, the stock has lost -3.41%. Avery Dennison Corp. shares have risen nearly 5.06% since the year began. Nevertheless, the stocks have risen 22.15% 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 $216.78, while 200 days put it at $215.64.
Levels Of Support And Resistance For AVY Stock
The 24-hour chart illustrates a support level at 210.71, which if violated will result in even more drops to 209.02. On the upside, there is a resistance level at 214.74. A further resistance level may holdings at 217.08. The Relative Strength Index (RSI) on the 14-day chart is 42.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.90, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.55%. Stochastics %K at 34.77% indicates the stock is a holding.
How much short interest is there in Avery Dennison Corp.?
A steep rise in short interest was recorded in Avery Dennison Corp. stocks on 2024-09-30, growing by 0.26 million shares to a total of 2.02 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 1.76 million shares. There was a rise of 12.84%, which implies that there is a positive sentiment for the stock.
