AvidXchange Holdings Inc’s recently made public that its Officer Gibson Angelic acquired Company’s shares for reported $0.17 million on Nov 29 ’24. In the deal valued at $11.35 per share,15,000 shares were bought.
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Then, Cunningham Todd Alan sold 12,500 shares, generating $137,500 in total proceeds. Upon selling the shares at $11.00, the insider now owns 314,420 shares.
Before that, Cunningham Todd Alan bought 12,500 shares. AvidXchange Holdings Inc shares valued at $136,741 were divested by the Officer at a price of $10.94 per share.
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 Friday, AvidXchange Holdings Inc [NASDAQ:AVDX] saw its stock unchanged to $11.44. Over the last five days, the stock has gained 5.24%. AvidXchange Holdings Inc shares have fallen nearly -7.67% since the year began. Nevertheless, the stocks have risen 8.23% 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 $9.05, 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 11.31, which if violated will result in even more drops to 11.17. On the upside, there is a resistance level at 11.52. A further resistance level may holdings at 11.59. The Relative Strength Index (RSI) on the 14-day chart is 79.23, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.52, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 11.18%. Stochastics %K at 89.72% 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.
