Why Avid Technology Is Trading Higher Today

Avid Technology's AVID shares are trading higher after the company reported better-than-expected Q1 EPS and sales results and raised FY21 guidance.

Avid Technology stock has been rising Thursday, up 20.65% to a price of $26.21. Thursday the stock has been traded at a volume of 497.42 thousand, about 136.59% of its recent 30-day volume average of 364.18 thousand.

Perspective On Recent Price Action

The moving average price of the stock over the past 50 days was $20.92 at the time this article was published. In the past fifty-two weeks, the stock price has been as high as $24.47 and as low as $4.67.

Benzinga Pro provides investors with timely and accurate explanations of why a stock is moving. Subscribe to receive real-time alerts explaining stock price movements. Click here to learn more.