Avery Dennison Corp’s filing revealed that its Executive Chairman Butier Mitchell R unloaded Company’s shares for reported $2.36 million on Mar 06 ’25. In the deal valued at $181.85 per share,12,969 shares were sold. As a result of this transaction, Butier Mitchell R now holds 303,331 shares worth roughly $54.58 million.
Then, Butier Mitchell R sold 8,068 shares, generating $1,502,199 in total proceeds. Upon selling the shares at $186.19, the Executive Chairman now owns 316,300 shares.
Before that, Butier Mitchell R bought 12,969 shares. Avery Dennison Corp shares valued at $2,348,167 were divested by the Officer at a price of $181.06 per share.
JP Morgan upgraded its Avery Dennison Corp [AVY] rating to an Overweight from a a Neutral in a research note published on January 31, 2025; the price target was decreased to $205 from $210. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in late October from “an Overweight” to “a Neutral”. BofA Securities also remained covering AVY and has increased its forecast on October 17, 2024 with a “Buy” recommendation from previously “an Underperform” rating. Barclays started covering the stock on October 07, 2024. It rated AVY as “an Overweight”.
Price Performance Review of AVY
On Tuesday, Avery Dennison Corp [NYSE:AVY] saw its stock jump 0.12% to $179.93. Over the last five days, the stock has lost -0.12%. Avery Dennison Corp shares have fallen nearly -3.85% since the year began. Nevertheless, the stocks have fallen -16.69% over the past one year. While a 52-week high of $233.48 was reached on 01/28/25, a 52-week low of $174.91 was recorded on 03/13/25. SMA at 50 days reached $185.18, while 200 days put it at $205.36.
Levels Of Support And Resistance For AVY Stock
The 24-hour chart illustrates a support level at 178.98, which if violated will result in even more drops to 178.03. On the upside, there is a resistance level at 180.60. A further resistance level may holdings at 181.26. The Relative Strength Index (RSI) on the 14-day chart is 44.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.70%. Stochastics %K at 29.09% indicates the stock is a holding.
How much short interest is there in Avery Dennison Corp?
A steep rise in short interest was recorded in Avery Dennison Corp stocks on 2025-02-28, dropping by -0.42 million shares to a total of 1.5 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 1.92 million shares. There was a decline of -27.96%, which implies that there is a negative sentiment for the stock.
