Why Avery Dennison Stock Was Rocking It This Week

Core Insights - Avery Dennison has experienced significant stock price gains, up nearly 17% following a partnership announcement with Walmart and a positive earnings report [1][2] Partnership and Innovation - The collaboration with Walmart focuses on developing advanced radio-frequency identification (RFID) technology for fresh food categories [3] - This partnership addresses previous limitations of RFID technology in cold, moist environments, showcasing innovative sensor technology [4] Financial Performance - In the third quarter, Avery Dennison reported sales of $2.2 billion, reflecting a year-over-year increase of slightly over 1% [5] - The company's adjusted net income rose by 2% to $2.37 per share, surpassing analyst expectations of $2.33 per share [6]