Avon Products (NYSE:AVP) has tumbled 3.13% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 5.51% in the last four weeks. The stocks have underperformed the S&P 500 by 1.97% during the past week but Avon Products (NYSE:AVP) it has outperformed the index in 4 weeks by 4.55%.
Avon Products (NYSE:AVP): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $3.95 and $3.94 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.06. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.02, notching a gain of 2.03% for the day. The total traded volume was 5,567,283 . The stock had closed at $3.94 on the previous day.
The company shares have dropped -40.62% from its 1 Year high price. On Jun 23, 2015, the shares registered one year high at $7.09 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $4.11 and the 200 Day Moving Average price is recorded at $3.96.
On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the officer (Senior Vice President) of Avon Products Inc, Munoz Pablo had purchased shares worth of $72,500 in a transaction dated on May 5, 2015. A total of 10,000 shares were purchased at a price of $7.25 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
Many analysts have stated their opinion on the company shares. Jefferies initiates coverage on Avon Products (NYSE:AVP). The current rating of the shares is Buy, according to the research report released by the firm. The rating by the firm was issued on June 3, 2016. Currently the company Insiders own 0.8% of Avon Products shares according to the proxy statements. Institutional Investors own 87.03% of Avon Products shares.
Avon Products, Inc. is a manufacturer and marketer of beauty and related products. The Companys offers its products under two product categories: Beauty and Fashion & Home. Beauty consists of skincare (which includes personal care), fragrance and color (cosmetics). Fashion & Home consists of fashion jewelry, watches, apparel, footwear, accessories, gift and decorative products, housewares, entertainment and leisure products, childrens products and nutritional products. The Companys segments are -based on geographic operations and include commercial business units in Latin America; Europe, Middle East & Africa; North America, and Asia Pacific. The Companys business is conducted primarily in one channel, direct selling. The Company has sales operations in 60 countries and territories, including the United States, and distributed its products in 41 other countries and territories.