Avon Products (AVP) : Traders are bullish on Avon Products (AVP) as it has outperformed the S&P 500 by a wide margin of 46.42% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.16%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.13% in the last 1 week, and is up 46.98% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Avon Products Inc. is up 46.98% in the last 3-month period. Year-to-Date the stock performance stands at 38.27%. The stock has recorded a 20-day Moving Average of 17.09% and the 50-Day Moving Average is 30.61%.
Avon Products (NYSE:AVP): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.46 and $5.46 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.67. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.60, notching a gain of 1.08% for the day. The total traded volume was 4,147,355 . The stock had closed at $5.54 on the previous day.
Also, UBS maintains its rating on Avon Products (NYSE:AVP). The global brokerage major raises the current price target from $3 per share to $4 per share. Analysts at the UBS have a current rating of Sell on the shares. The rating by the firm was issued on August 3, 2016.
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.