Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Avery Dennison Corp shares valued at $757,856 were sold by Colisto Nicholas on Nov 25 ’24. At $206.00 per share, Colisto Nicholas sold 3,679 shares. The insider’s holdings dropped to 7,126 shares worth approximately $1.33 million following the completion of this transaction.
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Also, Colisto Nicholas purchased 3,679 shares, netting a total of over 757,856 in proceeds.
Before that, Butier Mitchell R had sold 10,000 shares from its account. In a trade valued at $2,152,276, the Executive Chairman traded Avery Dennison Corp shares for $215.23 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $56.64 million.
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 -5.77%. Over the course of the year, Avery Dennison Corp shares have dropped approximately -7.87%. Shares of the company reached a 52-week high of $233.48 on 07/23/24 and a 52-week low of $185.73 on 12/19/24. A 50-day SMA is recorded $204.69, while a 200-day SMA reached $215.11. Nevertheless, trading volume fell to 0.68 million shares from 0.71 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 184.77, which, if violated, would cause prices to drop to 183.27. In the upper region, resistance lies at 188.72. The next price resistance is at 191.17. RSI (Relative Strength Index) is 22.35 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -10.02, which suggests the price will decrease in the coming days. Percent R is at 97.48%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
