Tue, Mar 3, 2015, 11:18 AM EST - U.S. Markets close in 4 hrs 42 mins

Recent

% | $
Quotes you view appear here for quick access.

Avid Technology, Inc. Message Board

  • Looking4Value Looking4Value Nov 14, 2001 7:45 PM Flag

    AVID up $1.06 on 567,500 volume!

    Can anyone account for the large spike upwards on the share price of AVID?

    AVID closed today as you all know at $10.55, up $1.06 on a volume of 567,500.

    Perhaps is was AVID's multiple installations in various countries in Eastern Europe.

    If anyone can tell us more about the $1.06 rise in share price on a volume of over a half million shares, please do so.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Looks like it was under accumulation by a brokerage house - anyone out there know who is following them? This could be in response to the recent Investment Conference that they attended....either way - very impressive volume.

      • 2 Replies to brookshanlon
      • This type of volume has not been seen in a little while, but it is not exactly atypical. If you look back over the past 2 years, there have been quite a few days where more than 500,000 shares traded, and a few where it even got to a million.

        The interesting thing about the other day is that 80% of the volume can be explained by five larger trades. 350,000 shares were traded in three large blocks before the price went up. There was then a spike in the late morning, which is bracketed by two 25,000 share trades at lower prices (that is probably the cost of moving larger blocks on a low volume asset). The price was actually driven up by individual investors buying small blocks, not instituional purhcases.

        I wonder if there is a little leak of info around Avid, or if investors are just noticing that (1) Q4-Q1 is usually a very good period for Avid stock and (2) there is already strong momentum building. The technical analysts would probably have a field day in this situation, but they are probably not covering this stock.

      • Analyst Coverage

        Firm Analyst Phone Email

        Morgan Stanley Gillian Munson (212) 761-6070 Gillian.Munson@morganstanely.com

        US Bancorp Piper Jaffray, Inc. Gene Munster (612) 342-6452 gmunster@pjc.com

        Sidoti & Company, LLC Laura Morgan (212) 453-7027 lmorgan@sidoti.com


        brook....I see that you changed your position from SELL to HOLD....good move!

 
AVID
15.39-0.16(-1.03%)11:16 AMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.