Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Avid Bioservices Inc shares valued at $28,241 were sold by Richieri Richard A. on Jan 10 ’25. At $12.37 per share, Richieri Richard A. sold 2,283 shares. The insider’s holdings dropped to 49,535 shares worth approximately $0.61 million following the completion of this transaction.
Also, Richieri Richard A. sold 200 shares, netting a total of over 2,474 in proceeds. Following the sale of shares at $12.37 each, the insider now holds 8,785 shares.
Before that, Richard A. Richieri had added 2,483 shares to its account. In a trade valued at $30,715, the Officer bought Avid Bioservices Inc shares for $12.37 each.
As published in their initiating research note from William Blair on September 28, 2023, Avid Bioservices Inc [CDMO] has been a Mkt perform. Analysts at KeyBanc Capital Markets upgraded the stock from ‘”a Sector weight”‘ to ‘”an Overweight”‘ outlook in a report released in mid March. As of December 08, 2021, KeyBanc Capital Markets has decreased its “an Overweight” rating to a “Sector weight” for CDMO. Earlier on March 17, 2021, RBC Capital Mkts initiated its rating. Their recommendation was “an Outperform” for CDMO stock.
Analyzing CDMO Stock Performance
Over the course of the year, Avid Bioservices Inc shares have jumped approximately 0.24%. Shares of the company reached a 52-week high of $12.45 on 01/13/25 and a 52-week low of $12.32 on 01/03/25. A 50-day SMA is recorded $12.19, while a 200-day SMA reached $9.87. Nevertheless, trading volume fell to 1.52 million shares from 3.26 million shares the previous day.
Support And Resistance Levels for Avid Bioservices Inc (CDMO)
According to the 24-hour chart, there is a support level at 12.37, which, if violated, would cause prices to drop to 12.37. In the upper region, resistance lies at 12.39. The next price resistance is at 12.41. RSI (Relative Strength Index) is 60.60 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.04, which suggests the price will decrease in the coming days. Percent R is at 30.43%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
