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. Avery Dennison Corp shares valued at $2,152,276 were sold by Butier Mitchell R on Aug 22 ’24. At $215.23 per share, Butier Mitchell R sold 10,000 shares. The insider’s holdings dropped to 304,114 shares worth approximately $60.7 million following the completion of this transaction.
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Also, Butier Mitchell R sold 7,108 shares, netting a total of over 1,550,367 in proceeds. Following the sale of shares at $218.12 each, the insider now holds 304,114 shares.
Before that, Butier Mitchell R had added 7,108 shares to its account. In a trade valued at $1,550,367, the Officer bought Avery Dennison Corp shares for $218.12 each.
As published in a research note from JP Morgan on October 24, 2024, Avery Dennison Corp [AVY] has been rated down from an Overweight to a Neutral and the price target has been revised to $210 from $230. Analysts at BofA Securities upgraded the stock from ‘”an Underperform”‘ to ‘”a Buy”‘ outlook in a report released in mid October. As of October 07, 2024, Barclays has initiated its “an Overweight” rating for AVY. Earlier on July 25, 2024, UBS downgraded its rating. Their new recommendation was “a Neutral” for AVY stock which previously was a “a Buy”.
Analyzing AVY Stock Performance
During the last five days, there has been a drop of approximately -0.16%. Over the course of the year, Avery Dennison Corp shares have dropped approximately -1.27%. Shares of the company reached a 52-week high of $233.48 on 07/23/24 and a 52-week low of $193.49 on 01/09/24. A 50-day SMA is recorded $211.12, while a 200-day SMA reached $216.19. Nevertheless, trading volume fell to 0.81 million shares from 0.49 million shares the previous day.
Support And Resistance Levels for Avery Dennison Corp (AVY)
According to the 24-hour chart, there is a support level at 198.03, which, if violated, would cause prices to drop to 196.48. In the upper region, resistance lies at 200.45. The next price resistance is at 201.32. RSI (Relative Strength Index) is 36.66 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.87, which suggests the price will decrease in the coming days. Percent R is at 71.91%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
