Is Avient Corp (AVNT) a Stock to Watch After Gaining 8.24% This Week?

The market has been high on Avient Corp (AVNT) stock recently. AVNT gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Avient Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on AVNT!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With AVNT Stock Today?

Avient Corp (AVNT) stock is trading at $33.75 as of 1:13 PM on Friday, Nov 3, an increase of $1.86, or 5.83% from the previous closing price of $31.89. The stock has traded between $32.31 and $33.79 so far today. Volume today is below average. So far 228,546 shares have traded compared to average volume of 429,593 shares. To screen for more stocks like Avient Corp click here.

More About Avient Corp

Avient Corp manufactures and sells a variety of chemical and plastic-based products to designers and processors of plastics. The firm operates in three segments: Specialty Engineered Materials; Distribution; and Color, Additives, & Ink. The company's product portfolio includes concentrated color and ink blends, plastic resins, and various specialized polymer materials used in industries such as food packaging, construction, transportation, cosmetics, and healthcare. The color, additives, & ink segment and the distribution segment together generate a vast majority of revenue. More than half of the total revenue is derived from the United States. Click Here to get the full Stock Report for Avient Corp stock.