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. Viasat, Inc. shares valued at $4,024 were sold by Miller Craig Andrew on Jan 05 ’24. At $26.83 per share, Miller Craig Andrew sold 150 shares. The insider’s holdings dropped to 13,248 shares worth approximately $0.21 million following the completion of this transaction.
Also, Miller Craig Andrew sold 150 shares, netting a total of over 3,380 in proceeds. Following the sale of shares at $22.53 each, the insider now holds 13,398 shares.
Before that, Lippert Keven K had sold 6,200 shares from its account. In a trade valued at $121,396, the Executive Vice President traded Viasat, Inc. shares for $19.58 each. Upon closing the transaction, the insider’s holdings decreased to 6,200 shares, worth approximately $386.88.
As published in a research note from JP Morgan on October 17, 2023, Viasat, Inc. [VSAT] has been rated up from a Neutral to an Overweight and the price target has been revised to $30 from $35. Analysts at Deutsche Bank started covering the stock with ‘”a Hold”‘ outlook in a report released in mid October. Earlier on January 26, 2023, William Blair downgraded its rating. Their new recommendation was “a Mkt perform” for VSAT stock which previously was a “an Outperform”.
Analyzing VSAT Stock Performance
During the last five days, there has been a surge of approximately 3.60%. Over the course of the year, Viasat, Inc. shares have dropped approximately -42.33%. Shares of the company reached a 52-week high of $29.11 on 01/02/24 and a 52-week low of $15.02 on 04/16/24. A 50-day SMA is recorded $17.81, while a 200-day SMA reached $22.43. Nevertheless, trading volume fell to 0.97 million shares from 1.63 million shares the previous day.
Support And Resistance Levels for Viasat, Inc. (VSAT)
According to the 24-hour chart, there is a support level at 15.80, which, if violated, would cause prices to drop to 15.47. In the upper region, resistance lies at 16.65. The next price resistance is at 17.18. RSI (Relative Strength Index) is 44.73 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.22, which suggests the price will decrease in the coming days. Percent R is at 66.26%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
