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Viatris Inc [NASDAQ: VTRS] Sees Decrease in Stock Value

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Viatris Inc shares valued at $928,429 were sold by Roman Brian on May 28 ’24. At $10.38 per share, Roman Brian sold 89,419 shares. The insider’s holdings dropped to 67,723 shares worth approximately $0.71 million following the completion of this transaction.

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Also, Mauro Anthony sold 250,000 shares, netting a total of over 3,023,700 in proceeds. Following the sale of shares at $12.09 each, the insider now holds 243,044 shares.

Before that, Campbell Paul had sold 24,353 shares from its account. In a trade valued at $300,272, the insider traded Viatris Inc shares for $12.33 each. Upon closing the transaction, the insider’s holdings decreased to 24,353 shares, worth approximately $1.6 million.

As published in a research note from BofA Securities on October 23, 2023, Viatris Inc [VTRS] has been rated down from a Neutral to an Underperform and the price target has been revised to $9 from $13. Analysts at Barclays downgraded the stock from ‘”an Equal weight”‘ to ‘”an Underweight”‘ outlook in a report released in late June. As of April 24, 2023, Barclays has decreased its “an Overweight” rating to a “an Equal weight” for VTRS. Earlier on February 17, 2023, BMO Capital Markets downgraded its rating. Their new recommendation was “a Market perform” for VTRS stock which previously was a “an Outperform”.

Analyzing VTRS Stock Performance

During the last five days, there has been a drop of approximately -0.57%. Over the course of the year, Viatris Inc shares have dropped approximately -3.79%. Shares of the company reached a 52-week high of $13.62 on 02/23/24 and a 52-week low of $10.24 on 05/29/24. A 50-day SMA is recorded $11.28, while a 200-day SMA reached $10.82. Nevertheless, trading volume fell to 5.42 million shares from 6.54 million shares the previous day.

Support And Resistance Levels for Viatris Inc (VTRS)

According to the 24-hour chart, there is a support level at 10.30, which, if violated, would cause prices to drop to 10.17. In the upper region, resistance lies at 10.53. The next price resistance is at 10.63. RSI (Relative Strength Index) is 33.04 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.14, which suggests the price will decrease in the coming days. Percent R is at 81.44%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

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