Avient Corp’s filing revealed that its SVP, Mergers & Acquisitions Rathbun Joel R. unloaded Company’s shares for reported $0.3 million on Nov 07 ’24. In the deal valued at $51.45 per share,5,762 shares were sold. As a result of this transaction, Rathbun Joel R. now holds 0 shares worth roughly $0.0.
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Then, Rathbun Joel R. bought 5,762 shares, generating $296,441 in total proceeds.
Before that, Rathbun Joel R. sold 11,698 shares. Avient Corp shares valued at $507,218 were divested by the SVP, Mergers & Acquisitions at a price of $43.36 per share. As a result of the transaction, Rathbun Joel R. now holds 0 shares, worth roughly $0.0.
Seaport Research Partners downgraded its Avient Corp [AVNT] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who increased its forecast for the stock in early August from “a Hold” to “a Buy”. Deutsche Bank also remained covering AVNT and has decreased its forecast on November 06, 2023 with a “Hold” recommendation from previously “Buy” rating. Oppenheimer revised its rating on February 16, 2023. It rated AVNT as “an Outperform” which previously was an “a Perform”.
Price Performance Review of AVNT
On Tuesday, Avient Corp [NYSE:AVNT] saw its stock fall -1.26% to $52.50. Over the last five days, the stock has gained 5.23%. Avient Corp shares have risen nearly 26.29% since the year began. Nevertheless, the stocks have risen 53.69% over the past one year. While a 52-week high of $54.68 was reached on 11/06/24, a 52-week low of $33.84 was recorded on 01/18/24. SMA at 50 days reached $49.60, while 200 days put it at $45.13.
Levels Of Support And Resistance For AVNT Stock
The 24-hour chart illustrates a support level at 51.91, which if violated will result in even more drops to 51.32. On the upside, there is a resistance level at 53.04. A further resistance level may holdings at 53.58. The Relative Strength Index (RSI) on the 14-day chart is 61.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.29, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 23.97%. Stochastics %K at 73.95% indicates the stock is a holding.
How much short interest is there in Avient Corp?
A steep rise in short interest was recorded in Avient Corp stocks on 2024-11-15, growing by 0.49 million shares to a total of 1.63 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 1.14 million shares. There was a rise of 30.3%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 17, 2022 when Deutsche Bank began covering the stock and recommended ‘”a Buy”‘ rating along with a $40 price target.
