Avery Dennison Corp (AVY): Mitchell R Butier , President and CEO of Avery Dennison Corp sold 62,276 shares on May 3, 2016. The Insider selling transaction was reported by the company on May 4, 2016 to the Securities and Exchange Commission. The shares were sold at $74.00 per share for a total value of $4,610,673.50 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 3, 2016, Susan C Miller (Senior VP, Gen Counsel & Secty) sold 2,000 shares at $72.65 per share price.On May 2, 2016, Dean A Scarborough (Executive Chairman) sold 100,000 shares at $72.54 per share price.Also, On Mar 4, 2016, Anne Hill (Sr. VP & Chief HR Officer) sold 37,021 shares at $67.50 per share price.On Nov 20, 2015, Georges Gravanis (President, Materials Group) sold 28,140 shares at $65.83 per share price.
Shares of Avery Dennison Corp (AVY) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -1.19 points or -1.58% at $73.98 with 8,40,418 shares getting traded. Post opening the session at $74.59, the shares hit an intraday low of $73.39 and an intraday high of $75.1 and the price vacillated in this range throughout the day. The company has a market cap of $6,616 M and the number of outstanding shares has been calculated to be 8,94,30,815 shares. The 52-week high of Avery Dennison Corp is $75.19 and the 52-week low is $53.56.
Company has been under the radar of several Street Analysts.Avery Dennison Corp is Reiterated by Barclays to Overweight and the brokerage firm has raised the Price Target to $ 86 from a previous price target of $82 .The Rating was issued on May 2, 2016.Avery Dennison Corp is Resumed by Credit Suisse to Neutral. The Rating was issued on Apr 22, 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).