Avid Bioservices Inc’s recent filing unveils that its Chief Operations Officer Richieri Richard A. unloaded Company’s shares for reported $46961.0 on Dec 26 ’24. In the deal valued at $12.22 per share,3,843 shares were sold. As a result of this transaction, Richieri Richard A. now holds 44,556 shares worth roughly $0.55 million.
Then, Kwietniak Matthew R. sold 13,390 shares, generating $163,626 in total proceeds. Upon selling the shares at $12.22, the Chief Commercial Officer now owns 50,796 shares.
Before that, Hart Daniel R sold 22,813 shares. Avid Bioservices Inc shares valued at $278,775 were divested by the Chief Financial Officer at a price of $12.22 per share. As a result of the transaction, Hart Daniel R now holds 110,980 shares, worth roughly $1.37 million.
William Blair initiated its Avid Bioservices Inc [CDMO] rating to a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who increased its forecast for the stock in mid March from “a Sector weight” to “an Overweight”. KeyBanc Capital Markets also remained covering CDMO and has decreased its forecast on December 08, 2021 with a “Sector weight” recommendation from previously “an Overweight” rating. RBC Capital Mkts started covering the stock on March 17, 2021. It rated CDMO as “an Outperform”.
Price Performance Review of CDMO
On Monday, Avid Bioservices Inc [NASDAQ:CDMO] saw its stock jump 0.24% to $12.36. Over the last five days, the stock has gained 0.98%. Avid Bioservices Inc shares have risen nearly 0.08% since the year began. Nevertheless, the stocks have risen 101.30% over the past one year. While a 52-week high of $12.48 was reached on 01/06/25, a 52-week low of $5.65 was recorded on 01/03/25. SMA at 50 days reached $11.87, while 200 days put it at $9.68.
Levels Of Support And Resistance For CDMO Stock
The 24-hour chart illustrates a support level at 12.34, which if violated will result in even more drops to 12.31. On the upside, there is a resistance level at 12.38. A further resistance level may holdings at 12.39. The Relative Strength Index (RSI) on the 14-day chart is 62.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 15.15%. Stochastics %K at 70.71% indicates the stock is a holding.
How much short interest is there in Avid Bioservices Inc?
A steep rise in short interest was recorded in Avid Bioservices Inc stocks on 2024-11-29, dropping by -1.87 million shares to a total of 11.64 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 13.51 million shares. There was a decline of -16.04%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on November 10, 2020 when KeyBanc Capital Markets began covering the stock and recommended ‘”an Overweight”‘ rating along with a $12 price target.
