Avid Technology (AVID) Getting Somewhat Positive Press Coverage, Accern Reports
Media stories about Avid Technology (NASDAQ:AVID) have been trending somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Avid Technology earned a daily sentiment score of 0.04 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 44.711889292133 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Crossroads Systems (CRDSQ) & Avid Technology (AVID) Critical Comparison (americanbankingnews.com)
- Hollywood Storytellers Rely on Avid to Create this Holiday Season’s Biggest Films (finance.yahoo.com)
- Top Ranked Momentum Stocks to Buy for December 12th – Nasdaq (nasdaq.com)
- Avid Technology, Inc. (NASDAQ: AVID) – Today’s Hot Stock Under Review – Alpha Beta Stock (alphabetastock.com)
Several research firms recently issued reports on AVID. ValuEngine cut shares of Avid Technology from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research raised shares of Avid Technology from a “sell” rating to a “hold” rating in a report on Wednesday, September 20th. Finally, Dougherty & Co cut shares of Avid Technology from a “neutral” rating to a “sell” rating and set a $4.50 price target for the company. in a report on Thursday, December 7th.
In related news, Director Robert M. Bakish bought 20,000 shares of the company’s stock in a transaction on Thursday, December 7th. The stock was bought at an average cost of $6.00 per share, with a total value of $120,000.00. Following the completion of the acquisition, the director now owns 693,058 shares in the company, valued at approximately $4,158,348. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 7.50% of the company’s stock.
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About Avid Technology
Avid Technology, Inc is a provider of an open and integrated technology platform, along with applications and services that enable the creation, distribution and monetization of audio and video content. The Company develops, markets, sells and supports software and hardware for digital media content production, management, secured content storage and distribution.
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