A Director at Avid Technology (Other OTC: AVID) is Buying Shares

By Carrie Williams

Yesterday, a Director at Avid Technology (Other OTC: AVID), Robert Bakish, bought shares of AVID for $384.4K.

This recent transaction increases Robert Bakish’s holding in the company by 9.09% to a total of $4.52 million. This is Bakish’s first transaction since reporting a Buy transaction on VIAB back in December 2016

The company has a one-year high of $7.65 and a one-year low of $3.99. Currently, Avid Technology has an average volume of 1.33M.

Three different firms, including BWS Financial and Dougherty, currently also have a Buy rating on the stock.

Robert Bakish’s trades have generated a -33.6% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Avid Technology, Inc. provides an open, integrated, and comprehensive technology platform, along with applications and services that enable the creation, distribution, and monetization of audio and video content and also develop, market, sell, and support software and hardware for digital media content production, management, secured content storage and distribution. The company was founded by William J. Warner in 1987 and is headquartered in Burlington, MA.