Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Mission Produce Inc shares valued at $3,741,400 were purchased by SJB GT Trust on Dec 26 ’24. At $14.39 per share, SJB GT Trust acquired 260,000 shares.
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Also, SRB GT Trust purchased 260,000 shares, netting a total of over 3,741,400 in proceeds.
Before that, Pack Jay A had sold 59,165 shares from its account. In a trade valued at $869,729, the Director traded Mission Produce Inc shares for $14.70 each. Upon closing the transaction, the insider’s holdings decreased to 59,165 shares, worth approximately $14.67 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 surge of approximately 14.68%. Over the course of the year, Mission Produce Inc shares have jumped approximately 43.21%. Shares of the company reached a 52-week high of $15.25 on 12/20/24 and a 52-week low of $9.54 on 07/10/24. A 50-day SMA is recorded $12.95, while a 200-day SMA reached $11.78. Nevertheless, trading volume fell to 0.62 million shares from 0.55 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 14.28, which, if violated, would cause prices to drop to 14.11. In the upper region, resistance lies at 14.75. The next price resistance is at 15.06. RSI (Relative Strength Index) is 66.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.03, which suggests the price will increase in the coming days. Percent R is at 26.32%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
