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Director Malik Rajiv sold 264,300 shares of Viatris Inc [VTRS]

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Viatris Inc shares valued at $2,690,283 were sold by Malik Rajiv on Jun 14 ’24. At $10.18 per share, Malik Rajiv sold 264,300 shares. The insider’s holdings dropped to 645,519 shares worth approximately $6.71 million following the completion of this transaction.

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Also, Malik Rajiv sold 85,660 shares, netting a total of over 900,741 in proceeds. Following the sale of shares at $10.52 each, the insider now holds 909,819 shares.

Before that, Roman Brian had sold 89,419 shares from its account. In a trade valued at $928,429, the Chief Legal Officer traded Viatris Inc shares for $10.38 each. Upon closing the transaction, the insider’s holdings decreased to 89,419 shares, worth approximately $0.7 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 -0.29%. Over the course of the year, Viatris Inc shares have dropped approximately -3.97%. Shares of the company reached a 52-week high of $13.62 on 02/23/24 and a 52-week low of $9.93 on 06/18/24. A 50-day SMA is recorded $10.85, while a 200-day SMA reached $10.82. Nevertheless, trading volume fell to 10.1 million shares from 4.93 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 10.31, which, if violated, would cause prices to drop to 10.24. In the upper region, resistance lies at 10.48. The next price resistance is at 10.58. RSI (Relative Strength Index) is 44.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.10, which suggests the price will decrease in the coming days. Percent R is at 47.09%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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