Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. AvidXchange Holdings Inc shares valued at $4,414 were sold by Mackintosh Teresa on Dec 10 ’24. At $11.04 per share, Mackintosh Teresa sold 400 shares. The insider’s holdings dropped to 46,988 shares worth approximately $0.49 million following the completion of this transaction.
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Also, HAUSMAN JAMES E sold 25,000 shares, netting a total of over 281,288 in proceeds. Following the sale of shares at $11.25 each, the insider now holds 2,112,232 shares.
Before that, Mackintosh Teresa had sold 13,316 shares from its account. In a trade valued at $152,370, the Director traded AvidXchange Holdings Inc shares for $11.44 each. Upon closing the transaction, the insider’s holdings decreased to 13,316 shares, worth approximately $0.5 million.
Analysts at Compass Point upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early November. As of September 04, 2024, Compass Point has initiated its “Neutral” rating for AVDX. Earlier on August 20, 2024, JP Morgan downgraded its rating. Their new recommendation was “a Neutral” for AVDX stock which previously was a “an Overweight”.
Analyzing AVDX Stock Performance
During the last five days, there has been a drop of approximately -1.22%. Over the course of the year, AvidXchange Holdings Inc shares have dropped approximately -15.17%. Shares of the company reached a 52-week high of $13.56 on 02/29/24 and a 52-week low of $7.38 on 08/05/24. A 50-day SMA is recorded $10.14, while a 200-day SMA reached $10.35. Nevertheless, trading volume fell to 0.6 million shares from 0.82 million shares the previous day.
Support And Resistance Levels for AvidXchange Holdings Inc (AVDX)
According to the 24-hour chart, there is a support level at 10.41, which, if violated, would cause prices to drop to 10.31. In the upper region, resistance lies at 10.57. The next price resistance is at 10.64. RSI (Relative Strength Index) is 45.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.49, which suggests the price will decrease in the coming days. Percent R is at 83.64%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
