Avid Technology, Inc. (AVID) Files Form 4 Insider Buying : Louis Jr Hernandez Buys 100,000 Shares

Avid Technology, Inc. (AVID): Louis Jr Hernandez , CEO of Avid Technology, Inc. purchased 100,000 shares on May 16, 2016. The Insider buying transaction was reported by the company on May 17, 2016 to the Securities and Exchange Commission. The shares were purchased at $5.80 per share for a total value of $579,550.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 11, 2016, Ilan Sidi (CFO) purchased 10,000 shares at $5.67 per share price.On May 11, 2016, Ryan H Murray (VP & Chief Accounting Officer) purchased 9,263 shares at $5.57 per share price.Also, On May 10, 2016, Louis Jr Hernandez (CEO) purchased 150,000 shares at $5.76 per share price.On Nov 19, 2015, George H Billings (director) purchased 8,000 shares at $6.26 per share price.

Avid Technology: On Monday, May 16, 2016 heightened volatility was witnessed in Avid Technology which led to swings in the share price. The shares opened for trading at $5.77 and hit $5.96 on the upside , eventually ending the session at $5.89, with a gain of 2.79% or 0.16 points. The heightened volatility saw the trading volume jump to 7,43,571 shares. The 52-week high of the share price is $18.1 and the company has a market cap of $233 M . The 52-week low of the share price is at $5.26.

Avid Technology Money Flow Index Chart

Avid Technology Inc. is 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. The Company’s professional video creative software and hardware products include the Media Composer product line used to edit film television programming news broadcasts commercials and other video content. Video products also include Avid ISIS shared storage systems and Avid Interplay asset management solutions. The Company’s audio products include Pro Tools digital audio software and workstation solutions and a range of complementary control surfaces and consoles including the System 5 and System 6 modular consoles as well as the VENUE live-sound systems and Sibelius-branded notation software.

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