Avid Technology, Inc. stock performance trend indicates that the stock price has rallied 7.13% in the past 12 Weeks but analyzing the 6 month chart of the stock, the price of the stock has managed to drop negative and it has dropped down to -37.53% . Looking at the past 52 week period, the stock price is down -29.84% . Relative price strength is a important factor used by wealth management firms while investing in stocks since the indicator compares the stock performance with the overall market. The relative price strength of Avid Technology, Inc. has a negative value of -4.12 compared to overall market performance.Avid Technology, Inc. is having a Relative Strength Index of 43.13 which indicates the stock is not yet over sold or over bought based on the technical indicators.
Avid Technology, Inc. (NASDAQ:AVID) has tumbled 2.55% during the past week and has dropped 15.5% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 2.79%. Avid Technology, Inc. (NASDAQ:AVID) has underperformed the index by 16.47% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
For the current week, the company shares have a recommendation consensus of Buy. Avid Technology, Inc. (NASDAQ:AVID) : On Friday heightened volatility was witnessed in Avid Technology, Inc. (NASDAQ:AVID) which led to swings in the share price. The stock opened for trading at $4.53 and hit $4.99 on the upside , eventually ending the session at $4.96, with a gain of 11.46% or 0.51 points. The heightened volatility saw the trading volume jump to 1,361,622 shares. The 52-week high of the share price is $9.7766 and the company has a market cap of $202 million. The 52-week low of the share price is at $3.99 .
Company has reported several Insider transactions to the SEC, on Jun 3, 2016, Paula Boggs (director) purchased 16,500 shares at 6.15 per share price.On May 18, 2016, Louis Jr Hernandez (CEO) purchased 69,000 shares at 5.97 per share price.On May 11, 2016, Ilan Sidi (CFO) purchased 10,000 shares at 5.67 per share price.
Avid Technology, Inc. develops, markets, sells and supports a wide range of software and systems for creating and manipulating digital media content. Digital media are media elements, whether video or audio or graphics, in which the image, sound or picture is recorded and stored as digital values, as opposed to analog signals. The companys systems are designed to improve the productivity of video and film editors by enabling them to edit moving pictures and sound in a faster, easier, and more cost-effective manner than traditional analog tape-based systems.