The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Avnet Inc shares valued at $199,707 were purchased by JAMES LAWRENCE on Aug 29 ’24. At $54.83 per share, JAMES LAWRENCE acquired 3,642 shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, LAWRENCE JAMES A sold 3,642 shares, netting a total of over 199,691 in proceeds. Following the sale of shares at $54.83 each, the insider now holds 0 shares.
Before that, McMullen Elizabeth had sold 1,234 shares from its account. In a trade valued at $67,068, the Senior VP – Operations traded Avnet Inc shares for $54.35 each. Upon closing the transaction, the insider’s holdings decreased to 1,234 shares, worth approximately $0.8 million.
As published in a research note from Wells Fargo on September 16, 2022, Avnet Inc [AVT] has been rated down from an Equal weight to an Underweight and the price target has been revised to $35 from $45. Analysts at JP Morgan started covering the stock with ‘”an Underweight”‘ outlook in a report released in mid July. As of October 07, 2021, BofA Securities has reiterated its “Neutral” rating for AVT. Earlier on April 30, 2021, Loop Capital upgraded its rating. Their new recommendation was “a Buy” for AVT stock which previously was a “a Hold”.
Analyzing AVT Stock Performance
During the last five days, there has been a drop of approximately -7.22%. Over the course of the year, Avnet Inc shares have jumped approximately 5.24%. Shares of the company reached a 52-week high of $59.24 on 10/30/24 and a 52-week low of $43.62 on 02/08/24. A 50-day SMA is recorded $53.66, while a 200-day SMA reached $51.24. Nevertheless, trading volume fell to 0.64 million shares from 0.51 million shares the previous day.
Support And Resistance Levels for Avnet Inc (AVT)
According to the 24-hour chart, there is a support level at 52.46, which, if violated, would cause prices to drop to 51.87. In the upper region, resistance lies at 54.10. The next price resistance is at 55.16. RSI (Relative Strength Index) is 42.77 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.88, which suggests the price will decrease in the coming days. Percent R is at 98.26%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
