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What is the Market's View on Avid Technology, Inc. (AVID) Stock's Price and Volume Trends

Tuesday, September 29, 2020 11:08 AM | InvestorsObserver Analysts

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What is the Market's View on Avid Technology, Inc. (AVID) Stock's Price and Volume Trends

Avid Technology, Inc. (AVID) stock is up 7.95% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.

Sentiment Score - ,bullish
Avid Technology, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on AVID!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.

As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.

Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.

InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.

Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With AVID Stock Today?

Avid Technology, Inc. (AVID) stock is trading at $8.83 as of 11:04 AM on Tuesday, Sep 29, a rise of $0.38, or 4.5% from the previous closing price of $8.45. The stock has traded between $8.43 and $8.94 so far today. Volume today is low. So far 276,888 shares have traded compared to average volume of 416,265 shares.

To screen for more stocks like Avid Technology, Inc. click here.

More About Avid Technology, Inc.

Avid Technology Inc develops and sells software and hardware for digital media production and management. Its products are used in production, film studios, cable television stations, recording studios, and other agencies. The company has operations in the U.S.; the Americas; Europe, Middle East, and Africa; and Asia-Pacific. Most of its revenue is split fairly evenly between the U.S. and EMEA. The company's products are organized into suites, including Artist Suite, which includes video editing and digital audio workstations; Media Suite, which provides newsroom management solutions; Studio Suite, which provides tools for on-air programming; and Storage Suite, which provides products for digital storage. It derives most of the revenue from video and audio products and services.

Click Here to get the full Stock Score Report on Avid Technology, Inc. (AVID) Stock.

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