The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Avista Corp shares valued at $92,500 were purchased by MEYER DAVID J on Aug 27 ’24. At $38.54 per share, MEYER DAVID J acquired 2,400 shares.
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Also, MEYER DAVID J sold 2,400 shares, netting a total of over 91,968 in proceeds. Following the sale of shares at $38.32 each, the insider now holds 5,436 shares.
Before that, Cox Bryan Alden had sold 1,716 shares from its account. In a trade valued at $61,257, the Senior Vice President traded Avista Corp shares for $35.70 each. Upon closing the transaction, the insider’s holdings decreased to 1,716 shares, worth approximately $0.26 million.
As published in their initiating research note from Jefferies on December 09, 2024, Avista Corp [AVA] has been a Hold and the price target has been revised to $40. As of May 03, 2024, Mizuho has increased its “an Underperform” rating to a “Neutral” for AVA. Earlier on January 22, 2024, Guggenheim upgraded its rating. Their new recommendation was “a Neutral” for AVA stock which previously was a “a Sell”.
Analyzing AVA Stock Performance
During the last five days, there has been a drop of approximately -3.27%. Over the course of the year, Avista Corp shares have dropped approximately -0.78%. Shares of the company reached a 52-week high of $39.99 on 08/02/24 and a 52-week low of $31.91 on 02/13/24. A 50-day SMA is recorded $37.70, while a 200-day SMA reached $36.80. Nevertheless, trading volume fell to 0.68 million shares from 0.54 million shares the previous day.
Support And Resistance Levels for Avista Corp (AVA)
According to the 24-hour chart, there is a support level at 34.95, which, if violated, would cause prices to drop to 34.45. In the upper region, resistance lies at 36.38. The next price resistance is at 37.31. RSI (Relative Strength Index) is 29.98 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.91, which suggests the price will decrease in the coming days. Percent R is at 97.39%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
