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Avery Dennison (AVY) Soars: Stock Adds 11.1% in Session
Avery Dennison Corporation (AVY - Free Report) 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%.
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 - Free Report) , 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
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>