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Avista Corp (AVA) gets rating Resumed from BofA Securities

Avista Corp’s recently made public that its Officer MEYER DAVID J acquired Company’s shares for reported $92500.0 on Aug 27 ’24. In the deal valued at $38.54 per share,2,400 shares were bought.

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Then, MEYER DAVID J sold 2,400 shares, generating $91,968 in total proceeds. Upon selling the shares at $38.32, the Vice President now owns 5,436 shares.

Before that, Cox Bryan Alden sold 1,716 shares. Avista Corp shares valued at $61,257 were divested by the Senior Vice President at a price of $35.70 per share. As a result of the transaction, Cox Bryan Alden now holds 7,196 shares, worth roughly $0.28 million.

A number of analysts have revised their coverage, including Mizuho’s analysts, who increased its forecast for the stock in early May from “an Underperform” to “a Neutral”. Guggenheim also remained covering AVA and has increased its forecast on January 22, 2024 with a “Neutral” recommendation from previously “Sell” rating. KeyBanc Capital Markets revised its rating on August 25, 2023. It rated AVA as “a Sector weight” which previously was an “an Underweight”.

Price Performance Review of AVA

On Monday, Avista Corp [NYSE:AVA] saw its stock jump 2.36% to $38.64. Over the last five days, the stock has gained 1.87%. Avista Corp shares have risen nearly 8.11% since the year began. Nevertheless, the stocks have risen 10.46% over the past one year. While a 52-week high of $39.99 was reached on 08/02/24, a 52-week low of $31.91 was recorded on 02/13/24. SMA at 50 days reached $37.93, while 200 days put it at $36.35.

Levels Of Support And Resistance For AVA Stock

The 24-hour chart illustrates a support level at 37.98, which if violated will result in even more drops to 37.31. On the upside, there is a resistance level at 39.06. A further resistance level may holdings at 39.48. The Relative Strength Index (RSI) on the 14-day chart is 58.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 6.95%. Stochastics %K at 70.57% 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 2024-10-31, dropping by -0.12 million shares to a total of 2.28 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.41 million shares. There was a decline of -5.4%, which implies that there is a negative sentiment for the stock.

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