Viavi Solutions Inc’s recent filing unveils that its EVP, Chief Mktg & Stgy Officer McNab Paul unloaded Company’s shares for reported $0.16 million on Mar 12 ’24. In the deal valued at $10.62 per share,15,004 shares were sold. As a result of this transaction, McNab Paul now holds 57,940 shares worth roughly $0.56 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Siebert Kevin Christopher sold 13,967 shares, generating $149,447 in total proceeds. Upon selling the shares at $10.70, the SVP Gen. Counsel & Secretary now owns 47,097 shares.
Before that, RONDINONE RALPH sold 1,122 shares. Viavi Solutions Inc shares valued at $11,052 were divested by the SVP Global Operations NSE at a price of $9.85 per share. As a result of the transaction, RONDINONE RALPH now holds 32,722 shares, worth roughly $0.31 million.
Stifel upgraded its Viavi Solutions Inc [VIAV] rating to a Buy from a a Hold in a research note published on February 12, 2024; the price target was increased to $13 from $10. A number of analysts have revised their coverage, including Stifel’s analysts, who began to cover the stock in early December with a ‘”a Hold”‘ rating. B. Riley Securities also remained covering VIAV and has decreased its forecast on November 04, 2022 with a “Neutral” recommendation from previously “Buy” rating. Rosenblatt started covering the stock on October 06, 2022. It rated VIAV as “a Buy”.
Price Performance Review of VIAV
On Monday, Viavi Solutions Inc [NASDAQ:VIAV] saw its stock fall -1.44% to $9.58. Over the last five days, the stock has lost -0.31%. Viavi Solutions Inc shares have fallen nearly -4.87% since the year began. Nevertheless, the stocks have fallen -8.33% over the past one year. While a 52-week high of $11.65 was reached on 03/06/24, a 52-week low of $7.26 was recorded on 02/08/24. SMA at 50 days reached $9.83, while 200 days put it at $9.62. A total of 1.45 million shares were traded, compared to the trading of 1.38 million shares in the previous session.
Levels Of Support And Resistance For VIAV Stock
The 24-hour chart illustrates a support level at 9.48, which if violated will result in even more drops to 9.38. On the upside, there is a resistance level at 9.73. A further resistance level may holdings at 9.88. The Relative Strength Index (RSI) on the 14-day chart is 43.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.57%. Stochastics %K at 13.22% indicates the stock is a buying.
How much short interest is there in Viavi Solutions Inc?
A steep rise in short interest was recorded in Viavi Solutions Inc stocks on Feb 29, 2024, dropping by -0.52 million shares to a total of 5.88 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 6.4 million shares. There was a decline of -8.84%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.75% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.24.
