Avid Bioservices Inc’s filing revealed that its Chief Operations Officer Richieri Richard A. unloaded Company’s shares for reported $28241.0 on Jan 10 ’25. In the deal valued at $12.37 per share,2,283 shares were sold. As a result of this transaction, Richieri Richard A. now holds 49,535 shares worth roughly $0.62 million.
Then, Richieri Richard A. sold 200 shares, generating $2,474 in total proceeds. Upon selling the shares at $12.37, the Chief Operations Officer now owns 8,785 shares.
Before that, Richard A. Richieri bought 2,483 shares. Avid Bioservices Inc shares valued at $30,715 were divested by the Officer at a price of $12.37 per share.
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 Tuesday, Avid Bioservices Inc [NASDAQ:CDMO] saw its stock jump 0.56% to $12.46. Over the last five days, the stock has gained 0.24%. Avid Bioservices Inc shares have risen nearly 0.89% since the year began. Nevertheless, the stocks have risen 103.93% over the past one year. While a 52-week high of $12.48 was reached on 01/21/25, a 52-week low of $5.90 was recorded on 01/03/25. SMA at 50 days reached $12.27, while 200 days put it at $9.93.
Levels Of Support And Resistance For CDMO Stock
The 24-hour chart illustrates a support level at 12.41, which if violated will result in even more drops to 12.37. On the upside, there is a resistance level at 12.48. A further resistance level may holdings at 12.51. The Relative Strength Index (RSI) on the 14-day chart is 66.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 0.00%. Stochastics %K at 80.95% indicates the stock is a selling.
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.
