Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Viavi Solutions Inc shares valued at $159,342 were sold by McNab Paul on Mar 12 ’24. At $10.62 per share, McNab Paul sold 15,004 shares. The insider’s holdings dropped to 57,940 shares worth approximately $0.47 million following the completion of this transaction.
Also, Siebert Kevin Christopher sold 13,967 shares, netting a total of over 149,447 in proceeds. Following the sale of shares at $10.70 each, the insider now holds 47,097 shares.
Before that, RONDINONE RALPH had sold 1,122 shares from its account. In a trade valued at $11,052, the SVP Global Operations NSE traded Viavi Solutions Inc shares for $9.85 each. Upon closing the transaction, the insider’s holdings decreased to 1,122 shares, worth approximately $0.26 million.
As published in a research note from Stifel on February 12, 2024, Viavi Solutions Inc [VIAV] has been rated up from a Hold to a Buy and the price target has been revised to $13 from $10. Analysts at Stifel started covering the stock with ‘”a Hold”‘ outlook in a report released in early December. As of November 04, 2022, B. Riley Securities has decreased its “Buy” rating to a “Neutral” for VIAV. Earlier on October 06, 2022, Rosenblatt initiated its rating. Their recommendation was “a Buy” for VIAV stock.
Analyzing VIAV Stock Performance
During the last five days, there has been a drop of approximately -5.05%. Over the course of the year, Viavi Solutions Inc shares have dropped approximately -19.66%. Shares of the company reached a 52-week high of $11.32 on 03/06/24 and a 52-week low of $8.06 on 04/18/24. A 50-day SMA is recorded $9.44, while a 200-day SMA reached $9.47. Nevertheless, trading volume fell to 1.2 million shares from 2.0 million shares the previous day.
Support And Resistance Levels for Viavi Solutions Inc (VIAV)
According to the 24-hour chart, there is a support level at 8.00, which, if violated, would cause prices to drop to 7.92. In the upper region, resistance lies at 8.23. The next price resistance is at 8.37. RSI (Relative Strength Index) is 24.89 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.42, which suggests the price will decrease in the coming days. Percent R is at 97.02%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
