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 $0.46 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 $0.26 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 -1.49% to $7.95. Over the last five days, the stock has lost -4.45%. Viavi Solutions Inc shares have fallen nearly -21.05% since the year began. Nevertheless, the stocks have fallen -11.47% 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 04/22/24. SMA at 50 days reached $9.41, while 200 days put it at $9.43. A total of 1.29 million shares were traded, compared to the trading of 2.25 million shares in the previous session.
Levels Of Support And Resistance For VIAV Stock
The 24-hour chart illustrates a support level at 7.89, which if violated will result in even more drops to 7.83. On the upside, there is a resistance level at 8.06. A further resistance level may holdings at 8.17. The Relative Strength Index (RSI) on the 14-day chart is 22.94, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.16%. Stochastics %K at 2.49% indicates the stock is a buying.
