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 $0.43 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 $0.24 million.
Susquehanna downgraded its Viavi Solutions Inc [VIAV] rating to a Neutral from a a Positive in a research note published recently. A number of analysts have revised their coverage, including Stifel’s analysts, who increased its forecast for the stock in mid February from “a Hold” to “a Buy”. Stifel began covering VIAV with “Hold” recommendation on December 02, 2022. B. Riley Securities revised its rating on November 04, 2022. It rated VIAV as “a Neutral” which previously was an “a Buy”.
Price Performance Review of VIAV
On Monday, Viavi Solutions Inc [NASDAQ:VIAV] saw its stock fall -2.58% to $7.36. Over the last five days, the stock has lost -8.11%. Viavi Solutions Inc shares have fallen nearly -26.86% since the year began. Nevertheless, the stocks have fallen -19.07% over the past one year. While a 52-week high of $11.65 was reached on 03/06/24, a 52-week low of $7.10 was recorded on 05/03/24. SMA at 50 days reached $9.08, while 200 days put it at $9.27. A total of 1.35 million shares were traded, compared to the trading of 1.93 million shares in the previous session.
Levels Of Support And Resistance For VIAV Stock
The 24-hour chart illustrates a support level at 7.24, which if violated will result in even more drops to 7.11. On the upside, there is a resistance level at 7.59. A further resistance level may holdings at 7.82. The Relative Strength Index (RSI) on the 14-day chart is 20.49, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.21%. Stochastics %K at 26.88% indicates the stock is a holding.
The most recent change occurred on October 06, 2022 when Rosenblatt began covering the stock and recommended ‘”a Buy”‘ rating along with a $18 price target.
