Institutional Favor for Avid and Pinnacle
Will Avid and Pinnacle have closed enough deals for TV broadcast newsroom systems to justify their stock's incredible run up in price and the quantity and quality of Institutional Investors that have gobbled up the entire float of these two companies? We shall see.
Float information from Yahoo
95% of Avid's float held by 267 Institutions
87% of Pinnacle's float held by 391 Institutions
CURRENT STOCK PRICE, AS OF 4/2/03 AFTER MARKET CLOSES
AVID - 24.38
PCLE - 11.61