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 $24,963 were sold by McNab Paul on May 07 ’24. At $7.34 per share, McNab Paul sold 3,401 shares. The insider’s holdings dropped to 54,539 shares worth approximately $0.41 million following the completion of this transaction.
Also, McNab Paul sold 15,004 shares, netting a total of over 159,342 in proceeds. Following the sale of shares at $10.62 each, the insider now holds 57,940 shares.
Before that, Siebert Kevin Christopher had sold 13,967 shares from its account. In a trade valued at $149,447, the SVP Gen. Counsel & Secretary traded Viavi Solutions Inc shares for $10.70 each. Upon closing the transaction, the insider’s holdings decreased to 13,967 shares, worth approximately $0.35 million.
As published in a research note from Susquehanna on May 03, 2024, Viavi Solutions Inc [VIAV] has been rated down from a Positive to a Neutral and the price target has been revised to $9. Analysts at Stifel upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid February. As of December 02, 2022, Stifel has initiated its “Hold” rating for VIAV. Earlier on November 04, 2022, B. Riley Securities downgraded its rating. Their new recommendation was “a Neutral” for VIAV stock which previously was a “a Buy”.
Analyzing VIAV Stock Performance
During the last five days, there has been a drop of approximately -6.86%. Over the course of the year, Viavi Solutions Inc shares have dropped approximately -25.82%. Shares of the company reached a 52-week high of $11.32 on 03/06/24 and a 52-week low of $7.10 on 05/03/24. A 50-day SMA is recorded $8.95, while a 200-day SMA reached $9.21. Nevertheless, trading volume fell to 2.08 million shares from 3.21 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 7.34, which, if violated, would cause prices to drop to 7.21. In the upper region, resistance lies at 7.58. The next price resistance is at 7.69. RSI (Relative Strength Index) is 28.47 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.37, which suggests the price will decrease in the coming days. Percent R is at 64.76%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
