Director Jay A. Pack purchased 25,281 shares at $11.03, marking the largest purchase of his career. This significant insider buying comes as the stock has rallied 21.79% over the last 90 days.
Price context
AVO is trading at $14.81, up 21.79% over the last 90 days but still 4.64% below its 52-week high of $15.53.
Catalysts to watch
- •The trade itself is a catalyst as it represents the largest purchase of Jay A. Pack's career.
- •Zacks reported on 6/10 that the Calavo acquisition closed, targeting $25 million in synergies.
- •Zacks reported on 6/09 that Q2 earnings missed estimates due to pricing pressures.
Risks
- •Short interest is 11.23% of the float.
- •GuruFocus noted a 24% revenue decline, and Zacks reported earnings missed estimates.
AI-generated context from public data. Not investment advice. Verify before trading.