Mission Produce Inc’s filing revealed that its Director Taylor Family Investments, LLC unloaded Company’s shares for reported $1.33 million on Sep 23 ’24. In the deal valued at $13.25 per share,100,100 shares were sold. As a result of this transaction, Taylor Family Investments, LLC now holds 8,630,002 shares worth roughly $115.21 million.
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Then, Taylor Family Investments, LLC sold 100,000 shares, generating $1,335,000 in total proceeds. Upon selling the shares at $13.35, the Director now owns 8,730,102 shares.
Before that, Pack Jay A bought 22,000 shares. Mission Produce Inc shares valued at $295,127 were divested by the Director at a price of $13.41 per share.
Lake Street initiated its Mission Produce Inc [AVO] rating to a Buy in a research note published on May 17, 2024; the price target was $15. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in early April from “a Neutral” to “a Buy”. Citigroup also remained covering AVO and has decreased its forecast on March 23, 2021 with a “Neutral” recommendation from previously “Buy” rating. JP Morgan revised its rating on March 11, 2021. It rated AVO as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of AVO
On Tuesday, Mission Produce Inc [NASDAQ:AVO] saw its stock jump 10.06% to $13.35. Over the last five days, the stock has gained 11.90%. Mission Produce Inc shares have risen nearly 32.31% since the year began. Nevertheless, the stocks have risen 41.27% over the past one year. While a 52-week high of $13.62 was reached on 11/05/24, a 52-week low of $8.19 was recorded on 07/10/24. SMA at 50 days reached $12.20, while 200 days put it at $11.29.
Levels Of Support And Resistance For AVO Stock
The 24-hour chart illustrates a support level at 13.03, which if violated will result in even more drops to 12.72. On the upside, there is a resistance level at 13.72. A further resistance level may holdings at 14.09. The Relative Strength Index (RSI) on the 14-day chart is 71.56, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 20.29%. Stochastics %K at 56.39% indicates the stock is a holding.
How much short interest is there in Mission Produce Inc?
A steep rise in short interest was recorded in Mission Produce Inc stocks on 2024-10-15, growing by 0.46 million shares to a total of 1.6 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.14 million shares. There was a rise of 28.56%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 27, 2020 when BofA Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $17 price target.
