Avery Dennison Corp’s recently made public that its Officer Colisto Nicholas acquired Company’s shares for reported $0.76 million on Nov 25 ’24. In the deal valued at $206.00 per share,3,679 shares were bought.
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Then, Butier Mitchell R sold 10,000 shares, generating $2,152,276 in total proceeds. Upon selling the shares at $215.23, the Executive Chairman now owns 304,114 shares.
Before that, Butier Mitchell R sold 7,108 shares. Avery Dennison Corp shares valued at $1,550,367 were divested by the Executive Chairman at a price of $218.12 per share. As a result of the transaction, Butier Mitchell R now holds 304,114 shares, worth roughly $63.24 million.
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 Monday, Avery Dennison Corp [NYSE:AVY] saw its stock jump 2.64% to $207.94. Over the last five days, the stock has gained 4.86%. Avery Dennison Corp shares have risen nearly 2.86% since the year began. Nevertheless, the stocks have risen 9.59% over the past one year. While a 52-week high of $233.48 was reached on 07/23/24, a 52-week low of $187.93 was recorded on 01/09/24. SMA at 50 days reached $210.52, while 200 days put it at $216.20.
Levels Of Support And Resistance For AVY Stock
The 24-hour chart illustrates a support level at 205.40, which if violated will result in even more drops to 202.85. On the upside, there is a resistance level at 209.24. A further resistance level may holdings at 210.53. The Relative Strength Index (RSI) on the 14-day chart is 55.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.55, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.27%. Stochastics %K at 54.66% 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 2024-10-31, dropping by 17256.0 shares to a total of 2.0 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.02 million shares. There was a decline of -0.86%, which implies that there is a negative 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.
