AvidXchange Holdings Inc’s filing revealed that its Director Mackintosh Teresa unloaded Company’s shares for reported $4414.0 on Dec 10 ’24. In the deal valued at $11.04 per share,400 shares were sold. As a result of this transaction, Mackintosh Teresa now holds 46,988 shares worth roughly $0.48 million.
Then, HAUSMAN JAMES E sold 25,000 shares, generating $281,288 in total proceeds. Upon selling the shares at $11.25, the Director now owns 2,112,232 shares.
Before that, Mackintosh Teresa sold 13,316 shares. AvidXchange Holdings Inc shares valued at $152,370 were divested by the Director at a price of $11.44 per share. As a result of the transaction, Mackintosh Teresa now holds 47,388 shares, worth roughly $0.48 million.
A number of analysts have revised their coverage, including Compass Point’s analysts, who increased its forecast for the stock in early November from “a Neutral” to “a Buy”. Compass Point began covering AVDX with “Neutral” recommendation on September 04, 2024. JP Morgan revised its rating on August 20, 2024. It rated AVDX as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of AVDX
On Monday, AvidXchange Holdings Inc [NASDAQ:AVDX] saw its stock fall -1.45% to $10.22. Over the last five days, the stock has lost -3.22%. AvidXchange Holdings Inc shares have fallen nearly -17.51% since the year began. Nevertheless, the stocks have fallen -18.63% 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 $10.21, while 200 days put it at $10.33.
Levels Of Support And Resistance For AVDX Stock
The 24-hour chart illustrates a support level at 10.07, which if violated will result in even more drops to 9.92. On the upside, there is a resistance level at 10.33. A further resistance level may holdings at 10.43. The Relative Strength Index (RSI) on the 14-day chart is 39.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.57%. Stochastics %K at 12.66% indicates the stock is a buying.
How much short interest is there in AvidXchange Holdings Inc?
A steep rise in short interest was recorded in AvidXchange Holdings Inc stocks on 2024-12-13, dropping by -0.58 million shares to a total of 4.62 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 5.19 million shares. There was a decline of -12.55%, which implies that there is a negative sentiment for the stock.
