Avista Corp.’s filing revealed that its Director BURKE DONALD C unloaded Company’s shares for reported $82704.0 on Dec 01 ’23. In the deal valued at $34.46 per share,2,400 shares were sold. As a result of this transaction, BURKE DONALD C now holds 25,605 shares worth roughly $0.91 million.
Then, KENSOK JAMES M sold 700 shares, generating $24,325 in total proceeds. Upon selling the shares at $34.75, the Vice President – Retired now owns 12,574 shares.
Before that, MORRIS SCOTT L bought 3,100 shares. Avista Corp. shares valued at $100,424 were divested by the Chairman of the Board at a price of $32.39 per share. As a result of the transaction, MORRIS SCOTT L now holds 128,169 shares, worth roughly $4.54 million.
Guggenheim upgraded its Avista Corp. [AVA] rating to a Neutral from a a Sell in a research note published recently. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who increased its forecast for the stock in late August from “an Underweight” to “a Sector weight”. Mizuho also remained covering AVA and has decreased its forecast on February 09, 2023 with a “an Underperform” recommendation from previously “Neutral” rating. Mizuho revised its rating on November 02, 2022. It rated AVA as “a Neutral” which previously was an “a Buy”.
Price Performance Review of AVA
On Monday, Avista Corp. [NYSE:AVA] saw its stock jump 2.43% to $35.44. Over the last five days, the stock has gained 2.13%. Avista Corp. shares have fallen nearly -0.84% since the year began. Nevertheless, the stocks have fallen -18.75% over the past one year. While a 52-week high of $45.13 was reached on 01/05/24, a 52-week low of $30.53 was recorded on 02/13/24. SMA at 50 days reached $33.83, while 200 days put it at $34.73. A total of 0.74 million shares were traded, compared to the trading of 0.43 million shares in the previous session.
Levels Of Support And Resistance For AVA Stock
The 24-hour chart illustrates a support level at 34.86, which if violated will result in even more drops to 34.28. On the upside, there is a resistance level at 35.80. A further resistance level may holdings at 36.16. The Relative Strength Index (RSI) on the 14-day chart is 64.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 6.57%. Stochastics %K at 78.30% indicates the stock is a holding.
How much short interest is there in Avista Corp.?
A steep rise in short interest was recorded in Avista Corp. stocks on Mar 15, 2024, growing by 0.12 million shares to a total of 3.0 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 2.88 million shares. There was a rise of 4.0%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 5.66% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.79.
