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Avery Dennison (AVY) Soars: Stock Adds 11.1% in Session

Zacks Equity Research
Updated

Avery Dennison Corporation AVY was a big mover last session, as the company saw its shares rise more than 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $100.2 to $104.5 in the past one month time frame.

The move came after the company reported solid second-quarter 2018 results.

The company has seen no negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also remained unchanged over the past few weeks, suggesting there may be trouble down the road. So, make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Avery Dennison currently has a Zacks Rank #4 (Sell) while its Earnings ESP 0.00%.

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Avery Dennison Corporation Price

Avery Dennison Corporation Price | Avery Dennison Corporation Quote

A better-ranked stock in the Industrial Product sector is Reliance Steel & Aluminum Co. RS, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is AVY going up? Or down? Predict to see what others think: Up or Down

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Reliance Steel & Aluminum Co. (RS) : Free Stock Analysis Report
 
Avery Dennison Corporation (AVY) : Free Stock Analysis Report
 
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