The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Avnet Inc shares valued at $199,707 were purchased by JAMES LAWRENCE on Aug 29 ’24. At $54.83 per share, JAMES LAWRENCE acquired 3,642 shares.
Also, LAWRENCE JAMES A sold 3,642 shares, netting a total of over 199,691 in proceeds. Following the sale of shares at $54.83 each, the insider now holds 0 shares.
Before that, McMullen Elizabeth had sold 1,234 shares from its account. In a trade valued at $67,068, the Senior VP – Operations traded Avnet Inc shares for $54.35 each. Upon closing the transaction, the insider’s holdings decreased to 1,234 shares, worth approximately $0.75 million.
As published in a research note from BofA Securities on January 30, 2025, Avnet Inc [AVT] has been rated down from a Neutral to an Underperform. Analysts at Wells Fargo downgraded the stock from ‘”an Equal weight”‘ to ‘”an Underweight”‘ outlook in a report released in mid September. As of July 14, 2022, JP Morgan has initiated its “an Underweight” rating for AVT. Earlier on October 07, 2021, BofA Securities resumed its rating. Their recommendation was “a Neutral” for AVT stock.
Analyzing AVT Stock Performance
During the last five days, there has been a surge of approximately 7.30%. Over the course of the year, Avnet Inc shares have dropped approximately -4.76%. Shares of the company reached a 52-week high of $56.00 on 01/22/25 and a 52-week low of $39.22 on 04/07/25. A 50-day SMA is recorded $48.34, while a 200-day SMA reached $52.03.
Support And Resistance Levels for Avnet Inc (AVT)
According to the 24-hour chart, there is a support level at 48.93, which, if violated, would cause prices to drop to 48.03. In the upper region, resistance lies at 50.80. The next price resistance is at 51.77. RSI (Relative Strength Index) is 59.96 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.79, which suggests the price will increase in the coming days. Percent R is at 8.93%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
