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Headquartered in Mentor, Ohio, Avery Dennison Corporation (AVY) is a global leader in materials science and manufacturing with a market cap of $17.41 billion. Specializing in labeling and packaging materials, as well as RFID technology, Avery Dennison plays a critical role in enhancing brand visibility, improving supply chain efficiency, and enabling digital transformation.
Shares of AVY have underperformed the broader market over the past year. The stock has gained 20.4% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 27%. Also, in 2024, AVY is up 8.4% compared to SPX’s 18.1% rise on a YTD basis.