Avient ( (AVNT) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Avient Corporation’s stock price experienced a downturn following the announcement of its fourth-quarter revenue, which was slightly below expectations at $746.5 million. Despite this, Avient demonstrated impressive organic sales growth of 5% across all regions, with notable expansions in Latin America and Asia. Looking ahead, the company forecasts a 6% adjusted EPS growth for the first quarter, after accounting for a foreign exchange impact. The stock had previously declined by 3.94% even after surpassing EPS estimates. Analysts are optimistic, maintaining a strong buy rating, citing the company’s robust financial outlook and resilience in challenging market conditions.
More about Avient
YTD Price Performance: 3.68%
Average Trading Volume: 536,380
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.81B
For further insights into AVNT stock on TipRanks’ Stock Analysis page.
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