Avianca Holdings SA (AVH) Sees Unusually-High Trading Volume
Avianca Holdings SA (NYSE:AVH) shares saw unusually-high trading volume on Monday . Approximately 445,051 shares changed hands during mid-day trading, an increase of 29% from the previous session’s volume of 345,268 shares.The stock last traded at $6.91 and had previously closed at $6.76.
AVH has been the topic of several research reports. Zacks Investment Research downgraded Avianca Holdings SA from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 18th. Standpoint Research reissued a “buy” rating on shares of Avianca Holdings SA in a research report on Wednesday, July 27th. Finally, Bank of America Corp. raised Avianca Holdings SA from an “underperform” rating to a “neutral” rating in a research report on Monday, July 11th.
The firm has a 50 day moving average of $6.43 and a 200 day moving average of $5.77. The company’s market cap is $861.14 million.
Avianca Holdings SA is a Panama-based company engaged, through its subsidiaries, in the provision of air transportation services for passengers and commercial purposes. The Company was originally established as a strategic alliance between Aerovias del Continente Americano SA (AVIANCA) and Grupo TACA Holdings Limited (GTH), and it mainly operates in North, Central and South America, the Caribbean and Europe.
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