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A major investor bought $2.3M in Mission Produce stock in late December 2024, as the company reported slightly below-expected earnings.
A major shareholder, Holdings Venture Globalharvest, bought 201,375 shares of Mission Produce (AVO) in late December 2024 at an average price of $11.60 to $11.64 per share, spending about $2.3 million.
The purchases, disclosed in SEC filings, increased their stake to roughly 7.4 million shares, valued at $86 million.
Mission Produce reported fourth-quarter earnings of $0.22 per share, slightly below estimates, with revenue of $319 million, down 10% year-over-year.
The stock traded around $11.60 on December 31, 2024, with a 52-week range of $9.56 to $14.50.
Analysts have a mixed outlook, with a consensus “Moderate Buy” rating and a $17.00 target.
Un importante inversor compró $2.3M en acciones de Mission Produce a fines de diciembre de 2024, ya que la compañía informó ganancias ligeramente por debajo de las expectativas.