Avid Technology Gapping Down Thursday

Here is a stock that gapped down today with an opening price significantly lower than the previous trading day's close:

  • Avid Technology (NASDAQ:AVID) gapped down today, opening at $8.67 after closing the previous trading session at $10.28. Shares have dropped 13.8%, trading at a volume of 349,212. The stock is down over the last two months, having fallen $3 (-25.3%) from a price of $11.86 on February 13, 2012. The stock has moved down across its 200-day moving average of $9.61 today.