AvidXchange Holdings Inc’s recent filing unveils that its insider Cunningham Todd Alan unloaded Company’s shares for reported $0.14 million on Nov 22 ’24. In the deal valued at $11.00 per share,12,500 shares were sold. As a result of this transaction, Cunningham Todd Alan now holds 314,420 shares worth roughly $3.6 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Cunningham Todd Alan bought 12,500 shares, generating $136,741 in total proceeds.
Before that, Wilhite Joel sold 18,439 shares. AvidXchange Holdings Inc shares valued at $192,273 were divested by the insider at a price of $10.43 per share. As a result of the transaction, Wilhite Joel now holds 405,815 shares, worth roughly $4.65 million.
Compass Point upgraded its AvidXchange Holdings Inc [AVDX] rating to a Buy from a a Neutral in a research note published on November 07, 2024; the price target was increased to $15 from $8. A number of analysts have revised their coverage, including Compass Point’s analysts, who began to cover the stock in early September with a ‘”a Neutral”‘ rating. JP Morgan also remained covering AVDX and has decreased its forecast on August 20, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. UBS revised its rating on August 01, 2024. It rated AVDX as “a Neutral” which previously was an “a Buy”.
Price Performance Review of AVDX
On Tuesday, AvidXchange Holdings Inc [NASDAQ:AVDX] saw its stock fall -1.12% to $11.46. Over the last five days, the stock has gained 7.71%. AvidXchange Holdings Inc shares have fallen nearly -7.51% since the year began. Nevertheless, the stocks have risen 12.24% over the past one year. While a 52-week high of $13.56 was reached on 02/29/24, a 52-week low of $7.38 was recorded on 08/05/24. SMA at 50 days reached $8.90, while 200 days put it at $10.49.
Levels Of Support And Resistance For AVDX Stock
The 24-hour chart illustrates a support level at 11.35, which if violated will result in even more drops to 11.23. On the upside, there is a resistance level at 11.59. A further resistance level may holdings at 11.71. The Relative Strength Index (RSI) on the 14-day chart is 79.86, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.68, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 8.38%. Stochastics %K at 96.58% indicates the stock is a selling.
How much short interest is there in AvidXchange Holdings Inc?
A steep rise in short interest was recorded in AvidXchange Holdings Inc stocks on 2024-11-15, dropping by 46168.0 shares to a total of 5.19 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 5.24 million shares. There was a decline of -0.89%, which implies that there is a negative sentiment for the stock.
