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 $29.64 million.
As published in a research note from Seaport Research Partners on October 18, 2024, Avient Corp [AVNT] has been rated down from a Buy to a Neutral. Analysts at Deutsche Bank upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early August. As of November 06, 2023, Deutsche Bank has decreased its “Buy” rating to a “Hold” for AVNT. Earlier on February 16, 2023, Oppenheimer upgraded its rating. Their new recommendation was “an Outperform” for AVNT stock which previously was a “a Perform”.
Analyzing AVNT Stock Performance
During the last five days, there has been a surge of approximately 1.36%. Over the course of the year, Avient Corp shares have jumped approximately 16.72%. Shares of the company reached a 52-week high of $51.51 on 09/27/24 and a 52-week low of $35.50 on 01/18/24. A 50-day SMA is recorded $48.33, while a 200-day SMA reached $43.83. Nevertheless, trading volume fell to 0.61 million shares from 0.48 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 48.02, which, if violated, would cause prices to drop to 47.52. In the upper region, resistance lies at 49.47. The next price resistance is at 50.41. RSI (Relative Strength Index) is 48.53 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.37, which suggests the price will decrease in the coming days. Percent R is at 69.69%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
