Avid Technology, Inc. (AVID) Files Form 4 Insider Buying : Louis Jr Hernandez Buys 69,000 Shares

Avid Technology, Inc. (AVID): Louis Jr Hernandez , CEO of Avid Technology, Inc. purchased 69,000 shares on May 17, 2016. The Insider buying transaction was reported by the company on May 18, 2016 to the Securities and Exchange Commission. The shares were purchased at $5.97 per share for a total value of $411,950.69 , 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 17, 2016, Louis Jr Hernandez (CEO) purchased 100,000 shares at $5.80 per share price.On May 11, 2016, Ilan Sidi (CFO) purchased 10,000 shares at $5.67 per share price.Also, On May 11, 2016, Ryan H Murray (VP & Chief Accounting Officer) purchased 9,263 shares at $5.57 per share price.On Nov 19, 2015, George H Billings (director) purchased 8,000 shares at $6.26 per share price.

Shares of Avid Technology (AVID) ended Thursday, May 19, 2016 session in red amid volatile trading. The shares closed down -0.23 points or -3.99% at $5.53 with 5,74,777 shares getting traded. Post opening the session at $5.76, the shares hit an intraday low of $5.45 and an intraday high of $5.76 and the price vacillated in this range throughout the day. The company has a market cap of $219 M and the number of outstanding shares has been calculated to be 3,96,38,077 shares. The 52-week high of Avid Technology is $18.1 and the 52-week low is $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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