The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. AvidXchange Holdings Inc shares valued at $4,414 were sold by Mackintosh Teresa on Dec 10 ’24. At $11.04 per share, Mackintosh Teresa sold 400 shares. The insider’s holdings dropped to 46,988 shares worth approximately $0.35 million following the completion of this transaction.
Also, HAUSMAN JAMES E sold 25,000 shares, netting a total of over 281,288 in proceeds. Following the sale of shares at $11.25 each, the insider now holds 2,112,232 shares.
Before that, Mackintosh Teresa had sold 13,316 shares from its account. In a trade valued at $152,370, the Director traded AvidXchange Holdings Inc shares for $11.44 each. Upon closing the transaction, the insider’s holdings decreased to 13,316 shares, worth approximately $0.35 million.
As published in a research note from KeyBanc Capital Markets on February 27, 2025, AvidXchange Holdings Inc [AVDX] has been rated down from an Overweight to a Sector weight. As of November 07, 2024, Compass Point has increased its “Neutral” rating to a “Buy” for AVDX. Earlier on September 04, 2024, Compass Point initiated its rating. Their recommendation was “a Neutral” for AVDX stock.
Analyzing AVDX Stock Performance
During the last five days, there has been a drop of approximately -22.44%. Over the course of the year, AvidXchange Holdings Inc shares have dropped approximately -28.82%. Shares of the company reached a 52-week high of $10.93 on 01/30/25 and a 52-week low of $6.89 on 02/27/25. A 50-day SMA is recorded $10.17, while a 200-day SMA reached $9.91.
Support And Resistance Levels for AvidXchange Holdings Inc (AVDX)
According to the 24-hour chart, there is a support level at 6.99, which, if violated, would cause prices to drop to 6.63. In the upper region, resistance lies at 7.62. The next price resistance is at 7.89. RSI (Relative Strength Index) is 15.05 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.48, which suggests the price will decrease in the coming days. Percent R is at 86.93%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
