Avient Corp (AVNT) shares closed 0.6% lower than its previous 52 week low, giving the company a market cap of $3B. The stock is currently down 33.3% year-to-date, down 16.7% over the past 12 months, and up 1.8% over the past five years. This week, the Dow Jones Industrial Average fell 1.2%, and the S&P 500 fell 1.9%.
Trading Activity
- Trading volume this week was 15.8% lower than the 20-day average.
- Beta, a measure of the stock’s volatility relative to the overall market stands at 1.3.
Technical Indicators
- The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.
- MACD, a trend-following momentum indicator, indicates a downward trend.
- The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
- The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis
- The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis
- The company share price is the same as the performance of its peers in the Materials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis
Per Group Comparative Performance
- The company's stock price performance year-to-date is the same as the peer average.
- The company's stock price performance over the past 12 months is the same as the peer average.
- The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is the same as its average peer.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
