In a filing, Avery Dennison Corp. revealed 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 $63.0 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.
JP Morgan downgraded its Avery Dennison Corp. [AVY] rating to a Neutral from a an Overweight in a research note published on October 24, 2024; the price target was decreased to $210 from $230. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in mid October from “an Underperform” to “a Buy”. Barclays began covering AVY with “an Overweight” recommendation on October 07, 2024. UBS revised its rating on July 25, 2024. It rated AVY as “a Neutral” which previously was an “a Buy”.
Price Performance Review of AVY
On Friday, Avery Dennison Corp. [NYSE:AVY] saw its stock jump 1.07% to $207.16. Over the last five days, the stock has lost -4.68%. Avery Dennison Corp. shares have risen nearly 2.47% since the year began. Nevertheless, the stocks have risen 23.07% 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 $216.56, while 200 days put it at $215.80.
Levels Of Support And Resistance For AVY Stock
The 24-hour chart illustrates a support level at 204.81, which if violated will result in even more drops to 202.45. On the upside, there is a resistance level at 208.45. A further resistance level may holdings at 209.73. The Relative Strength Index (RSI) on the 14-day chart is 38.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.83, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.12%. Stochastics %K at 19.25% indicates the stock is a buying.
How much short interest is there in Avery Dennison Corp.?
A steep rise in short interest was recorded in Avery Dennison Corp. stocks on 2024-10-15, growing by 0.26 million shares to a total of 2.06 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.79 million shares. There was a rise of 12.75%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 09, 2024 when Stifel began covering the stock and recommended ‘”a Buy”‘ rating along with a $274.60 price target.
