Avnet (NYSE:AVT) has been under a strong bear grip, hence the stock is down -3.85% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.14% in the past 1 week. The stock has risen by 2.43% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.3% in the past 4 weeks.
The company shares have rallied 1.73% from its 1 Year high price. On Nov 6, 2015, the shares registered one year high at $46.95 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $41.08 and the 200 Day Moving Average price is recorded at $41.47.
The stock has recorded a 20-day Moving Average of 0.03% and the 50-Day Moving Average is 1.56%.
Avnet (NYSE:AVT): stock turned positive on Friday. Though the stock opened at $40.39, the bulls momentum made the stock top out at $41.26 level for the day. The stock recorded a low of $40.39 and closed the trading day at $41.25, in the green by 3.25%. The total traded volume for the day was 1,091,894. The stock had closed at $39.95 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Miller Maryann G., officer (Senior Vice President) of Avnet Inc, had unloaded 9,562 shares at an average price of $42.45 in a transaction dated on September 9, 2015. The total value of the transaction was worth $405,907.
Avnet, Inc. distributes electronic components, enterprise computer and storage products, information technology solutions and services, and embedded subsystems. The Company operates in two segments: Electronics Marketing (EM) and Technology Solutions (TS). Both operating groups have operations in each of the three economic regions of the world: the Americas; Europe, the Middle East and Africa; and Asia/Pacific, consisting of Asia, Australia and New Zealand. The EM segment markets and sells semiconductors and interconnect, passive and electromechanical devices, and embedded products to a diverse customer base serving many end-markets. The TS segment focuses on the distribution of enterprise computing servers and systems, software, storage, services and complex solutions from the technology manufacturers. The TS segment also provides hard disk drives, microprocessor, motherboard and dynamic random-access memory module technologies to manufacturers of computers and system builders.