Large Outflow of Money Witnessed in Avery Dennison Corporation

Avery Dennison Corporation (NYSE:AVY) jumped 0.54 points or 0.71% on strong buying and was last priced at $77.11 per share. The shares saw huge fund flow intraday; a massive $6.74 million made their way in through the upticks but an even bigger $12.41 million made their way out through downticks. As per the last observation, the net money flow stood at $(-5.68) million and the up/down ratio was found to be 0.54. The shares have seen a weekly value change of 1.8% .A block trade was recorded in the company shares with a net money flow of $(-5.02) million. The composite value of the funds in upticks was $0 million and the total value of funds in downticks was $5.02. As can be seen from the data, the block transaction had the up/down ratio of 0.


Currently the company Insiders own 2.7% of Avery Dennison Corporation shares according to the proxy statements. Institutional Investors own 91.69% of Avery Dennison Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -39.18%. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Hicks Ken C, director of Avery Dennison Corp, had unloaded 5,000 shares at an average price of $76.23 in a transaction dated on June 7, 2016. The total value of the transaction was worth $381,150.

Avery Dennison Corporation (NYSE:AVY) stock ended Monday session in the red zone in a volatile trading. The stock closed down 1.4 points or 1.82% at $75.71 with 540,998 shares getting traded. Post opening the session at $76.68, the shares hit an intraday low of $75.69 and an intraday high of $77.01 and the price was in this range throughout the day. The company has a market cap of $6,752 million and the number of outstanding shares have been calculated to be 89,175,966 shares. The 52-week high of Avery Dennison Corporation (NYSE:AVY) is $77.25 and the 52-week low is $53.56.

Many analysts have stated their opinion on the company shares. JP Morgan downgrades their rating on the shares of Avery Dennison Corporation (NYSE:AVY). The current rating of the shares is Neutral. Earlier, the shares were rated a Overweight by the brokerage firm. Equity Analysts at the Firm lowers the price target to $78 per share from $80 per share. The rating by the firm was issued on May 20, 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).

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.