Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Viatris Inc. shares valued at $106,406 were sold by Taddese Menassie on May 27. At $12.07 per share, Taddese Menassie sold 8,813 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, CORNWELL W DON purchased 2,700 shares, netting a total of over 26,721 in proceeds. Following the buying of shares at $9.90 each, the insider now holds 22,031 shares.
Before that, GOETTLER MICHAEL had added 50,352 shares to its account. In a trade valued at $496,773, the Chief Executive Officer bought Viatris Inc. shares for $9.87 each. Upon closing the transaction, the insider’s holdings increased to 50,352 shares, worth approximately $1.45 million.
As published in their initiating research note from UBS on June 14, 2022, Viatris Inc. [VTRS] has been a Sell and the price target has been revised to $9. This represents a -18.11% premium over Wednesday’s closing price. Analysts at Piper Sandler downgraded the stock from ‘”a Neutral”‘ to ‘”an Underweight”‘ outlook in a report released in early May. As of March 01, 2022, Raymond James has decreased its “an Outperform” rating to a “Mkt perform” for VTRS. Earlier on March 01, 2022, BofA Securities downgraded its rating. Their new recommendation was “a Neutral” for VTRS stock which previously was a “a Buy”.
Analyzing VTRS’s Price Performance
On Wednesday, Viatris Inc. [NASDAQ: VTRS] rose 0.28% to $10.63. The stock’s lowest price that day was $10.44, but it reached a high of $10.78 in the same session. During the last five days, there has been a surge of approximately 3.00%. Over the course of the year, Viatris Inc. shares have dropped approximately -21.43%. Shares of the company reached a 52-week high of $15.60 on 02/09/22 and a 52-week low of $9.66 on 03/14/22. A 50-day SMA is recorded $11.00, while a 200-day SMA reached $12.67. Nevertheless, trading volume fell to 7.75 million shares from 11.74 million shares the previous day.
Support And Resistance Levels for Viatris Inc. (VTRS)
According to the 24-hour chart, there is a support level at 10.45, which, if violated, would cause prices to drop to 10.28. In the upper region, resistance lies at 10.79. The next price resistance is at 10.96. RSI (Relative Strength Index) is 41.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.57, which suggests the price will decrease in the coming days. Percent R is at 77.92%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Viatris Inc. subject to short interest?
Stocks of Viatris Inc. saw a sharp steep in short interest on Apr 28, 2022 dropping by -3.26 million shares to 20.2 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2022 was 23.46 million shares. A decline of -16.14% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.85 of the overall float, the days-to-cover ratio (short ratio) decline to 1.85.
Which companies own the most shares of Viatris Inc. (VTRS)?
According to The Vanguard Group, Inc. filings, the company currently owns 133,488,721 shares, which is about 11.01% of the total VTRS shares outstanding. The investor’s shares have appreciated by 7,389,674 from its previous 13-F filing of 126099047.0 shares. With the completion of the buy, BlackRock Fund Advisors’s stake is now worth $737,145,121. Davis Selected Advisers LP acquire a 26.29% interest valued at $695.3 million while SSgA Funds Management, Inc. purchased a 3,698,431 stake. A total of 0 shares of Viatris Inc. were bought by Wellington Management Co. LLP during the quarter, and -4,902,212 were sold by Laurion Capital Management LP. In its current portfolio, Macquarie Investment Management B holds 25,117,924 shares valued at $308.2 million.
In terms of Viatris Inc. share price expectations, FactSet research, analysts set an average price target of $13.56 in the next 12 months, up nearly 22.64% from the previous closing price of $10.60. Analysts anticipate Viatris Inc. stock to reach $21.00 by 2022, with the lowest price target being $9.00. In spite of this, 12 analysts ranked Viatris Inc. stock as a Hold at the end of 2022. On June 15, 2021, Citigroup assigned a price target of “a Neutral” to the stock and initiated coverage with a $16.