The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Viatris Inc shares valued at $3,023,700 were sold by Mauro Anthony on Mar 13 ’24. At $12.09 per share, Mauro Anthony sold 250,000 shares. The insider’s holdings dropped to 243,044 shares worth approximately $2.86 million following the completion of this transaction.
Also, Campbell Paul sold 24,353 shares, netting a total of over 300,272 in proceeds. Following the sale of shares at $12.33 each, the insider now holds 153,826 shares.
Before that, Lyons Dillon JoEllen had sold 20,000 shares from its account. In a trade valued at $247,200, the Director traded Viatris Inc shares for $12.36 each. Upon closing the transaction, the insider’s holdings decreased to 20,000 shares, worth approximately $0.69 million.
As published in a research note from BofA Securities on October 23, 2023, Viatris Inc [VTRS] has been rated down from a Neutral to an Underperform and the price target has been revised to $9 from $13. Analysts at Barclays downgraded the stock from ‘”an Equal weight”‘ to ‘”an Underweight”‘ outlook in a report released in late June. As of April 24, 2023, Barclays has decreased its “an Overweight” rating to a “an Equal weight” for VTRS. Earlier on February 17, 2023, BMO Capital Markets downgraded its rating. Their new recommendation was “a Market perform” for VTRS stock which previously was a “an Outperform”.
Analyzing VTRS Stock Performance
During the last five days, there has been a drop of approximately -0.59%. Over the course of the year, Viatris Inc shares have jumped approximately 8.59%. Shares of the company reached a 52-week high of $13.62 on 02/23/24 and a 52-week low of $10.79 on 01/02/24. A 50-day SMA is recorded $12.15, while a 200-day SMA reached $10.66. Nevertheless, trading volume fell to 6.13 million shares from 9.15 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 11.60, which, if violated, would cause prices to drop to 11.44. In the upper region, resistance lies at 12.04. The next price resistance is at 12.32. RSI (Relative Strength Index) is 43.20 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.04, which suggests the price will decrease in the coming days. Percent R is at 71.87%, indicating bearish price movement. Stochastics %K at holding 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 Mar 15, 2024 dropping by -2.36 million shares to 38.48 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 40.84 million shares. A decline of -6.13% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.02 of the overall float, the days-to-cover ratio (short ratio) decline to 3.02.
