Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Mission Produce Inc shares valued at $2,965,684 were sold by Gonzalez Luis A on Sep 11 ’24. At $13.20 per share, Gonzalez Luis A sold 224,673 shares. The insider’s holdings dropped to 111,000 shares worth approximately $1.47 million following the completion of this transaction.
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Also, Gonzalez Luis A sold 49,331 shares, netting a total of over 642,783 in proceeds. Following the sale of shares at $13.03 each, the insider now holds 7,398,902 shares.
Before that, Luis A. Gonzalez, Sr. had added 30,000 shares to its account. In a trade valued at $388,500, the Director bought Mission Produce Inc shares for $12.95 each.
As published in their initiating research note from Lake Street on May 17, 2024, Mission Produce Inc [AVO] has been a Buy and the price target has been revised to $15. Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early April. As of March 23, 2021, Citigroup has decreased its “Buy” rating to a “Neutral” for AVO. Earlier on March 11, 2021, JP Morgan downgraded its rating. Their new recommendation was “a Neutral” for AVO stock which previously was a “an Overweight”.
Analyzing AVO Stock Performance
During the last five days, there has been a surge of approximately 23.76%. Over the course of the year, Mission Produce Inc shares have jumped approximately 31.12%. Shares of the company reached a 52-week high of $13.45 on 09/11/24 and a 52-week low of $9.54 on 07/10/24. A 50-day SMA is recorded $10.60, while a 200-day SMA reached $10.72. Nevertheless, trading volume fell to 0.97 million shares from 2.52 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 12.80, which, if violated, would cause prices to drop to 12.36. In the upper region, resistance lies at 13.56. The next price resistance is at 13.88. RSI (Relative Strength Index) is 84.14 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.31, which suggests the price will increase in the coming days. Percent R is at 6.90%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
