Avnet Inc’s recently made public that 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.
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 $0.75 million.
BofA Securities downgraded its Avnet Inc [AVT] rating to an Underperform from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in mid September from “an Equal weight” to “an Underweight”. JP Morgan began covering AVT with “an Underweight” recommendation on July 14, 2022. BofA Securities maintained its rating on October 07, 2021. It rated AVT as “a Neutral”.
Price Performance Review of AVT
On Tuesday, Avnet Inc [NASDAQ:AVT] saw its stock jump 0.48% to $49.99. Over the last five days, the stock has lost -4.65%. Avnet Inc shares have fallen nearly -4.45% since the year began. Nevertheless, the stocks have risen 10.21% over the past one year. While a 52-week high of $59.24 was reached on 01/22/25, a 52-week low of $43.62 was recorded on 02/04/25. SMA at 50 days reached $53.26, while 200 days put it at $52.96.
Levels Of Support And Resistance For AVT Stock
The 24-hour chart illustrates a support level at 49.58, which if violated will result in even more drops to 49.17. On the upside, there is a resistance level at 50.28. A further resistance level may holdings at 50.58. The Relative Strength Index (RSI) on the 14-day chart is 35.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.97%. Stochastics %K at 8.98% indicates the stock is a buying.
How much short interest is there in Avnet Inc?
A steep rise in short interest was recorded in Avnet Inc stocks on 2025-01-15, growing by 0.6 million shares to a total of 4.84 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 4.24 million shares. There was a rise of 12.4%, which implies that there is a positive sentiment for the stock.
