Avery Dennison Corp (AVY) Files Form 4 Insider Buying : Bradley A Alford Buys 150 Shares

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Avery Dennison Corp (AVY): Bradley A Alford , director of Avery Dennison Corp purchased 150 shares on Feb 23, 2017. The Insider buying transaction was reported by the company on Feb 24, 2017 to the Securities and Exchange Commission. The shares were purchased at $80.14 per share for a total value of $12,021.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 23, 2017, Dean A Scarborough (Executive Chairman) sold 25,000 shares at $79.71 per share price.On Feb 17, 2017, Patrick Siewert (director) sold 9,027 shares at $80.00 per share price.Also, On Feb 6, 2017, Susan C Miller (Senior VP, Gen Counsel & Secty) sold 104,065 shares at $79.17 per share price.On Nov 29, 2016, Julia A Stewart (director) sold 2,000 shares at $72.65 per share price.

Shares of Avery Dennison Corp (AVY) ended Wednesday, Feb 22, 2017 session in red amid volatile trading. The shares closed down -0.54 points or -0.67% at $79.81 with 4,76,743 shares getting traded. Post opening the session at $80.09, the shares hit an intraday low of $79.31 and an intraday high of $80.22 and the price vacillated in this range throughout the day. The company has a market cap of $7,102 M and the number of outstanding shares has been calculated to be 8,89,91,587 shares. The 52-week high of Avery Dennison Corp is $80.84 and the 52-week low is $62.99.

Avery Dennison Corp Money Flow Index Chart

Company has been under the radar of several Street Analysts.Avery Dennison Corp is Upgraded by Citigroup to Buy. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Jan 6, 2017.Avery Dennison Corp is Upgraded by BofA/Merrill to Neutral. Earlier the firm had a rating of Underperform on the company shares. The Rating was issued on Dec 7, 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 Company’s 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 Company’s operational segments include Pressure-sensitive Materials (PSM) Retail Branding and Information Solutions (RBIS) and Vancive Medical Technologies (Vancive).

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Richard Trexler

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