KD Logo

Selling Buzz: Viavi Solutions Inc [VIAV] EVP, Chief Mktg & Stgy Officer McNab Paul sells 6,822 shares of the company

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. Viavi Solutions Inc shares valued at $50,005 were sold by McNab Paul on May 29 ’24. At $7.33 per share, McNab Paul sold 6,822 shares. The insider’s holdings dropped to 42,955 shares worth approximately $0.31 million following the completion of this transaction.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Also, McNab Paul sold 4,762 shares, netting a total of over 35,001 in proceeds. Following the sale of shares at $7.35 each, the insider now holds 49,777 shares.

Before that, McNab Paul had sold 3,401 shares from its account. In a trade valued at $24,963, the EVP, Chief Mktg & Stgy Officer traded Viavi Solutions Inc shares for $7.34 each. Upon closing the transaction, the insider’s holdings decreased to 3,401 shares, worth approximately $0.4 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 -3.05%. Over the course of the year, Viavi Solutions Inc shares have dropped approximately -27.31%. 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 $7.72, while a 200-day SMA reached $8.79. Nevertheless, trading volume fell to 1.04 million shares from 1.5 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 7.22, which, if violated, would cause prices to drop to 7.13. In the upper region, resistance lies at 7.48. The next price resistance is at 7.65. RSI (Relative Strength Index) is 39.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.06, which suggests the price will decrease in the coming days. Percent R is at 78.69%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Most Popular