Director Jay A Pack purchases 188,550 shares for $2,138,157.00 at AVO, reversing a net short position despite stock down -9.9% in 30 days.
Jay A Pack executed two separate open-market purchases totaling 188,550 shares for $2,138,157.00 at a blended average price of $11.34 on 2026-06-15. The transaction moves his position from -98,550 shares (short) to 90,000 shares (long), a reversal that represents a shift in portfolio stance. The purchase occurs while the stock trades 28.7% below its 52-week high of $15.53 and down 9.9% over the prior 30 days and -11.7% over 90 days. His same-ticker history at AVO shows five prior sales (September 2024), with mixed timing outcomes: 1 of 5 were well-timed (negative 90-day returns), while the others were poorly timed as the stock stabilized or rose post-sale. The company reports $290.9M quarterly revenue with annual growth of +12.7%, but is currently unprofitable ($-7.2M net income in the latest quarter), which may be contextual to the depressed valuations at which prior sells occurred versus this present purchase.