Shares of Avient Corporation (NYSE:AVNT) traded at a new 52-week high today of $48.68. This new high was reached on above average trading volume as 760,000 shares traded hands, while the average 30-day volume is approximately 460,000 shares.
Avient Corp, formerly PolyOne, manufactures and sells a variety of chemical- and plastic-based products to designers and processors of plastics. The firm is organized into three segments; Specialty Engineered Materials, Distribution, and Color, Additives, and Inks. 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, and ink segment and the distribution segment together generate a vast majority of revenue, and more than half of the total revenue is earned in the United States.
Avient Corporation share prices have moved between a 52-week high of $48.68 and a 52-week low of $8.69 and are now trading 457% above that low price at $48.36 per share.
Avient Corporation (NYSE:AVNT) is currently priced 7.0% above its average consensus analyst price target of $44.98.
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