Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Mission Produce Inc shares valued at $33,120 were purchased by Pack Jay A on Nov 07 ’24. At $14.00 per share, Pack Jay A acquired 2,365 shares.
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Also, Pack Jay A sold 38,470 shares, netting a total of over 540,888 in proceeds. Following the sale of shares at $14.06 each, the insider now holds 1,076,690 shares.
Before that, Pack Jay A had sold 2,365 shares from its account. In a trade valued at $33,252, the Director traded Mission Produce Inc shares for $14.06 each. Upon closing the transaction, the insider’s holdings decreased to 2,365 shares, worth approximately $13.24 million.
As published in their initiating research note from Lake Street on May 17, 2024, Mission Produce Inc [AVO] has been a Buy and the price target has been revised to $15. Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early April. As of March 23, 2021, Citigroup has decreased its “Buy” rating to a “Neutral” for AVO. Earlier on March 11, 2021, JP Morgan downgraded its rating. Their new recommendation was “a Neutral” for AVO stock which previously was a “an Overweight”.
Analyzing AVO Stock Performance
During the last five days, there has been a drop of approximately -6.88%. Over the course of the year, Mission Produce Inc shares have jumped approximately 22.10%. Shares of the company reached a 52-week high of $14.17 on 11/07/24 and a 52-week low of $9.54 on 07/10/24. A 50-day SMA is recorded $12.77, while a 200-day SMA reached $11.71. Nevertheless, trading volume fell to 0.57 million shares from 0.19 million shares the previous day.
Support And Resistance Levels for Mission Produce Inc (AVO)
According to the 24-hour chart, there is a support level at 12.09, which, if violated, would cause prices to drop to 11.87. In the upper region, resistance lies at 12.66. The next price resistance is at 13.01. RSI (Relative Strength Index) is 36.76 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.28, which suggests the price will decrease in the coming days. Percent R is at 91.41%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
