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 $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 $0.29 million following the completion of this transaction.
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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 $0.37 million.
As published in a research note from Rosenblatt on June 26, 2024, Viavi Solutions Inc [VIAV] has been rated down from a Buy to a Neutral and the price target has been revised to $8.25. Analysts at Susquehanna downgraded the stock from ‘”a Positive”‘ to ‘”a Neutral”‘ outlook in a report released in early May. As of February 12, 2024, Stifel has increased its “Hold” rating to a “Buy” for VIAV. Earlier on December 02, 2022, Stifel initiated its rating. Their recommendation was “a Hold” for VIAV stock.
Analyzing VIAV Stock Performance
During the last five days, there has been a drop of approximately -7.10%. Over the course of the year, Viavi Solutions Inc shares have dropped approximately -32.47%. Shares of the company reached a 52-week high of $11.32 on 03/06/24 and a 52-week low of $6.60 on 06/27/24. A 50-day SMA is recorded $7.58, while a 200-day SMA reached $8.71. Nevertheless, trading volume fell to 2.3 million shares from 4.4 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 6.66, which, if violated, would cause prices to drop to 6.51. In the upper region, resistance lies at 6.89. The next price resistance is at 6.97. RSI (Relative Strength Index) is 31.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.45, which suggests the price will decrease in the coming days. Percent R is at 83.33%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Which companies own the most shares of Viavi Solutions Inc (VIAV)?
On November 04, 2022, B. Riley Securities assigned a price target of “a Neutral” to the stock and downgraded coverage with a $14.50.
