In a filing, Avnet Inc revealed its Director JAMES LAWRENCE acquired Company’s shares for reported $0.2 million on Aug 29 ’24. In the deal valued at $54.83 per share,3,642 shares were bought.
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Then, LAWRENCE JAMES A sold 3,642 shares, generating $199,691 in total proceeds. Upon selling the shares at $54.83, the Director now owns 0 shares.
Before that, McMullen Elizabeth sold 1,234 shares. Avnet Inc shares valued at $67,068 were divested by the Senior VP – Operations at a price of $54.35 per share. As a result of the transaction, McMullen Elizabeth now holds 15,048 shares, worth roughly $0.8 million.
Wells Fargo downgraded its Avnet Inc [AVT] rating to an Underweight from a an Equal weight in a research note published on September 16, 2022; the price target was decreased to $35 from $45. A number of analysts have revised their coverage, including JP Morgan’s analysts, who began to cover the stock in mid July with a ‘”an Underweight”‘ rating. BofA Securities also remained covering AVT and reiterated its “Neutral” recommendation on October 07, 2021. Loop Capital revised its rating on April 30, 2021. It rated AVT as “a Buy” which previously was an “a Hold”.
Price Performance Review of AVT
On Tuesday, Avnet Inc [NASDAQ:AVT] saw its stock fall -1.94% to $53.10. Over the last five days, the stock has lost -1.14%. Avnet Inc shares have risen nearly 5.36% since the year began. Nevertheless, the stocks have risen 7.88% over the past one year. While a 52-week high of $59.24 was reached on 10/30/24, a 52-week low of $43.62 was recorded on 02/08/24. SMA at 50 days reached $54.54, while 200 days put it at $52.23.
Levels Of Support And Resistance For AVT Stock
The 24-hour chart illustrates a support level at 52.44, which if violated will result in even more drops to 51.78. On the upside, there is a resistance level at 54.14. A further resistance level may holdings at 55.18. The Relative Strength Index (RSI) on the 14-day chart is 41.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.70, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.50%. Stochastics %K at 25.81% indicates the stock is a holding.
How much short interest is there in Avnet Inc?
A steep rise in short interest was recorded in Avnet Inc stocks on 2024-11-29, dropping by -0.18 million shares to a total of 4.13 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 4.31 million shares. There was a decline of -4.31%, which implies that there is a negative sentiment for the stock.
