The shares of Mission Produce (NASDAQ:AVO) are up 4.4% percent to trade at $13.44 at last check, after the agriculture company beat fiscal third-quarter earnings and revenue estimates The global leader in avocado sourcing, producing, and distribution credited its strong results to its marketing and distribution division, which drove higher sales.
The stock is on track for a third-straight gain and could today nab its best session of 2025. The equity is also attempting to break above the $14 level for the first time since January, with support from its 20-day moving average. In the past 12 months, AVO has enjoyed a 27.4% uptick.
In the wake of its glowing earnings report, the security is seeing much more attention than usual in the options pits, particularly from bullish traders. So far today, 2,638 calls and 263 puts have been traded -- 24 times the amount typically seen at this point. The September 12.50-strike call is the most sought after contact, while positions are being opened at the 15-strike call in that series.
