Published on 14 Nov 2023 on GuruFocus.com via Yahoo Finance
FMR LLC Adjusts Stake in Avid Technology Inc
Overview of FMR LLC (Trades, Portfolio)'s Recent Trade
Warning! GuruFocus has detected 5 Warning Signs with AVID.
On October 31, 2023, investment firm FMR LLC (Trades, Portfolio) made a significant adjustment to its holdings in Avid Technology Inc (NASDAQ:AVID), a company specializing in digital media production software and hardware. The firm reduced its position by 1,568,873 shares, which resulted in a change of -46.09% in its holdings. Despite this reduction, FMR LLC (Trades, Portfolio) still maintains 1,834,971 shares in Avid Technology. Notably, the trade did not have a significant impact on the firm's portfolio, with the trade impact recorded at 0%. The shares were traded at a price of $27.02.