Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Avista Corporation shares valued at $16,516 were sold by KENSOK JAMES M on Sep 02. At $41.29 per share, KENSOK JAMES M sold 400 shares. The insider’s holdings dropped to 14,766 shares worth approximately $0.54 million following the completion of this transaction.
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Also, MEYER DAVID J sold 1,081 shares, netting a total of over 48,613 in proceeds. Following the sale of shares at $44.97 each, the insider now holds 4,664 shares.
Before that, Christie Kevin J had sold 700 shares from its account. In a trade valued at $30,289, the Senior Vice President traded Avista Corporation shares for $43.27 each. Upon closing the transaction, the insider’s holdings decreased to 700 shares, worth approximately $0.64 million.
As published in a research note from Mizuho on November 02, 2022, Avista Corporation [AVA] has been rated down from a Buy to a Neutral and the price target has been revised to $40 from $44. This represents a 8.7% premium over Thursday’s closing price. Analysts at KeyBanc Capital Markets downgraded the stock from ‘”a Sector weight”‘ to ‘”an Underweight”‘ outlook in a report released in early November. As of September 23, 2022, Mizuho has increased its “Neutral” rating to a “Buy” for AVA. Earlier on March 10, 2022, Mizuho initiated its rating. Their recommendation was “a Neutral” for AVA stock.
Analyzing AVA Stock Performance
On Thursday, Avista Corporation [NYSE: AVA] plunged -0.98% to $36.52. The stock’s lowest price that day was $35.72, but it reached a high of $36.74 in the same session. During the last five days, there has been a drop of approximately -9.63%. Over the course of the year, Avista Corporation shares have dropped approximately -14.05%. Shares of the company reached a 52-week high of $46.90 on 03/07/22 and a 52-week low of $35.72 on 11/03/22. A 50-day SMA is recorded $39.56, while a 200-day SMA reached $42.41. Nevertheless, trading volume fell to 0.94 million shares from 1.97 million shares the previous day.
Support And Resistance Levels for Avista Corporation (AVA)
According to the 24-hour chart, there is a support level at 35.91, which, if violated, would cause prices to drop to 35.31. In the upper region, resistance lies at 36.93. The next price resistance is at 37.35. RSI (Relative Strength Index) is 37.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.92, which suggests the price will decrease in the coming days. Percent R is at 85.89%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Avista Corporation subject to short interest?
Stocks of Avista Corporation saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.15 million shares to 2.1 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 1.95 million shares. A jump of 7.14% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 4.49 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.49.
Which companies own the most shares of Avista Corporation (AVA)?
According to BlackRock Fund Advisors filings, the company currently owns 12,582,206 shares, which is about 17.24% of the total AVA shares outstanding. The investor’s shares have appreciated by 162,471 from its previous 13-F filing of 12419735.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $313,693,532. The Public Sector Pension Investm reduced a -7.82% interest valued at $130.25 million while SSgA Funds Management, Inc. purchased a 122,699 stake. A total of 107,011 shares of Avista Corporation were bought by First Trust Advisors LP during the quarter, and -1,471,756 were sold by Nuance Investments LLC. In its current portfolio, Dimensional Fund Advisors LP holds 1,307,195 shares valued at $48.43 million.
In terms of Avista Corporation share price expectations, FactSet research, analysts set an average price target of $36.00 in the next 12 months, down nearly -2.39% from the previous closing price of $36.88. Analysts anticipate Avista Corporation stock to reach $40.00 by 2022, with the lowest price target being $32.00. In spite of this, 5 analysts ranked Avista Corporation stock as an Underweight at the end of 2022. On March 26, 2021, Sidoti assigned a price target of “a Neutral” to the stock and downgraded coverage with a $48.