Avery Dennison Corp’s recently made public that its SVP & CIO Colisto Nicholas unloaded 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 sold. As a result of this transaction, Colisto Nicholas now holds 7,126 shares worth roughly $1.38 million.
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Then, Colisto Nicholas bought 3,679 shares, generating $757,856 in total proceeds.
Before that, Butier Mitchell R sold 10,000 shares. Avery Dennison Corp shares valued at $2,152,276 were divested by the Executive Chairman at a price of $215.23 per share. As a result of the transaction, Butier Mitchell R now holds 304,114 shares, worth roughly $58.71 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 fall -1.07% to $193.06. Over the last five days, the stock has lost -5.38%. Avery Dennison Corp shares have fallen nearly -4.50% since the year began. Nevertheless, the stocks have fallen -2.96% over the past one year. While a 52-week high of $233.48 was reached on 07/23/24, a 52-week low of $193.49 was recorded on 12/16/24. SMA at 50 days reached $206.28, while 200 days put it at $215.52.
Levels Of Support And Resistance For AVY Stock
The 24-hour chart illustrates a support level at 192.09, which if violated will result in even more drops to 191.11. On the upside, there is a resistance level at 194.77. A further resistance level may holdings at 196.47. The Relative Strength Index (RSI) on the 14-day chart is 29.55, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.40%. Stochastics %K at 6.92% indicates the stock is a buying.
How much short interest is there in Avery Dennison Corp?
A steep rise in short interest was recorded in Avery Dennison Corp stocks on 2024-11-29, dropping by 87724.0 shares to a total of 1.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 2.0 million shares. There was a decline of -4.58%, 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.
