Avery Dennison Corporation (AVY) Shares are Down -0.95%

Avery Dennison Corporation (AVY) has risen sharply, recording gains of 6.68% in the past 4 weeks. However, the stock has corrected -0.95% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 6.27% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

Avery Dennison Corporation is up 6.23% in the last 3-month period. Year-to-Date the stock performance stands at 24.98%. The stock has recorded a 20-day Moving Average of 0.11% and the 50-Day Moving Average is 2.75%.


Avery Dennison Corporation (NYSE:AVY): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $76.42 and $76.29 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $77.62. The buying momentum continued till the end and the stock did not give up its gains. It closed at $77.45, notching a gain of 0.65% for the day. The total traded volume was 418,202 . The stock had closed at $76.95 on the previous day.

Also, Major Brokerage house, JP Morgan maintains its ratings on Avery Dennison Corporation (NYSE:AVY). In the latest research report, JP Morgan raises the target price from $78 per share to $80 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on July 27, 2016.

Avery Dennison Corporation is engaged in the production of pressure-sensitive materials and a variety of tickets, tags, labels and other converted products. The Companys pressure-sensitive materials are sold to label printers and converters that convert the materials into labels and other products through embossing, printing, stamping and die-cutting. It also sells pressure-sensitive materials in converted form as tapes and reflective sheeting. The Company also manufactures and sells a variety of other converted products and items not involving pressure-sensitive components, such as fasteners, tickets, tags, radio-frequency identification (RFID) inlays and tags, and imprinting equipment and related services, which it markets to retailers and apparel manufacturers and brand owners. The Companys operational segments include Pressure-sensitive Materials (PSM), Retail Branding and Information Solutions (RBIS), and Vancive Medical Technologies (Vancive).

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