Viavi Solutions Inc’s filing revealed 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 $0.51 million.
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 $0.29 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 jump 0.11% to $8.77. Over the last five days, the stock has lost -1.57%. Viavi Solutions Inc shares have fallen nearly -12.91% since the year began. Nevertheless, the stocks have fallen -15.43% 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 $9.64, while 200 days put it at $9.56. A total of 1.13 million shares were traded, compared to the trading of 1.65 million shares in the previous session.
Levels Of Support And Resistance For VIAV Stock
The 24-hour chart illustrates a support level at 8.66, which if violated will result in even more drops to 8.55. On the upside, there is a resistance level at 8.91. A further resistance level may holdings at 9.04. The Relative Strength Index (RSI) on the 14-day chart is 33.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.49, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.28%. Stochastics %K at 5.59% 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 Mar 15, 2024, growing by 0.79 million shares to a total of 6.44 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 5.65 million shares. There was a rise of 12.27%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.11% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.98.
