The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Mission Produce Inc. shares valued at $45,134 were sold by Giles Bryan E on Jun 21. At $14.63 per share, Giles Bryan E sold 3,085 shares. The insider’s holdings dropped to 73,957 shares worth approximately $1.09 million following the completion of this transaction.
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Also, Barnard Stephen J purchased 3,580 shares, netting a total of over 42,387 in proceeds. Following the buying of shares at $11.84 each, the insider now holds 105,266 shares.
Before that, Barnard Stephen J had added 21,420 shares to its account. In a trade valued at $251,342, the PRESIDENT AND CEO bought Mission Produce Inc. shares for $11.73 each. Upon closing the transaction, the insider’s holdings increased to 21,420 shares, worth approximately $1.49 million.
As published in a research note from Citigroup on April 07, 2022, Mission Produce Inc. [AVO] has been rated up from a Neutral to a Buy and the price target has been revised to $18 from $20. This represents a 18.39% premium over Wednesday’s closing price. Analysts at Citigroup downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late March. As of March 11, 2021, JP Morgan has decreased its “an Overweight” rating to a “Neutral” for AVO. Earlier on October 27, 2020, BofA Securities initiated its rating. Their recommendation was “a Buy” for AVO stock.
Analyzing AVO’s Price Performance
On Wednesday, Mission Produce Inc. [NASDAQ: AVO] rose 0.89% to $14.69. The stock’s lowest price that day was $14.49, but it reached a high of $14.81 in the same session. During the last five days, there has been a surge of approximately 5.61%. Over the course of the year, Mission Produce Inc. shares have dropped approximately -6.43%. Shares of the company reached a 52-week high of $16.00 on 01/04/22 and a 52-week low of $11.04 on 03/11/22. A 50-day SMA is recorded $13.31, while a 200-day SMA reached $15.53. Nevertheless, trading volume fell to 0.13 million shares from 0.24 million shares the previous day.
Support And Resistance Levels for Mission Produce Inc. (AVO)
According to the 24-hour chart, there is a support level at 14.52, which, if violated, would cause prices to drop to 14.34. In the upper region, resistance lies at 14.84. The next price resistance is at 14.98. RSI (Relative Strength Index) is 64.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.43, which suggests the price will decrease in the coming days. Percent R is at 33.99%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Mission Produce Inc. subject to short interest?
Stocks of Mission Produce Inc. saw a sharp rise in short interest on Apr 28, 2022 jumping by 16510.0 shares to 0.65 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2022 was 0.64 million shares. A jump of 2.53% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 6.24 of the overall float, the days-to-cover ratio (short ratio) jumped to 6.24.
Which companies own the most shares of Mission Produce Inc. (AVO)?
According to Nuance Investments LLC filings, the company currently owns 2,320,980 shares, which is about 3.29% of the total AVO shares outstanding. The investor’s shares have appreciated by 1,179,281 from its previous 13-F filing of 1141699.0 shares. With the completion of the sale, BlackRock Fund Advisors’s stake is now worth $28,552,611. The Vanguard Group, Inc. acquire a 1.62% interest valued at $24.61 million while Stephens Investment Management Gr purchased a 97,958 stake. A total of 40 shares of Mission Produce Inc. were bought by Integrated Advisors Network LLC during the quarter, and 0 were sold by Carmel Capital Management LLC. In its current portfolio, Geode Capital Management LLC holds 691,246 shares valued at $9.24 million.
In terms of Mission Produce Inc. share price expectations, FactSet research, analysts set an average price target of $17.20 in the next 12 months, up nearly 16.76% from the previous closing price of $14.56. Analysts anticipate Mission Produce Inc. stock to reach $18.00 by 2022, with the lowest price target being $16.00. In spite of this, 5 analysts ranked Mission Produce Inc. stock as a Buy at the end of 2022. On October 26, 2020, Stephens assigned a price target of “an Overweight” to the stock and initiated coverage with a $18.