Thursday, December 13, 2012

Director Purchases 20K AVID Shares

According to two SEC Form 4 filings yesterday, Robert M. Bakish (President & CEO of Viacom's Viacom International Media Networks, and currently sitting on AVID's board) purchased 10K shares of AVID on 11/28 at an average price of $6.28/sh.  He purchased another 10K this week, Monday (12/10), at an average price of $6.82/sh.  With these latest transactions, Mr. Bakish more than doubled the number of AVID common stock that he owns.  He now owns 36K AVID shares according to the last filing.  As a reminder, we posted our thoughts on AVID on 12/10. 

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