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 $7.55 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, 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 $0.79 million.
Analysts at BofA Securities downgraded the stock from ‘”a Neutral”‘ to ‘”an Underperform”‘ outlook in a report released in late October. As of June 23, 2023, Barclays has decreased its “an Equal weight” rating to a “an Underweight” for VTRS. Earlier on April 24, 2023, Barclays downgraded its rating. Their new recommendation was “an Equal weight” for VTRS stock which previously was a “an Overweight”.
Analyzing VTRS Stock Performance
During the last five days, there has been a drop of approximately -1.18%. Over the course of the year, Viatris Inc shares have jumped approximately 8.03%. 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 $10.77, while a 200-day SMA reached $10.92. Nevertheless, trading volume fell to 4.31 million shares from 5.59 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 11.54, which, if violated, would cause prices to drop to 11.39. In the upper region, resistance lies at 11.82. The next price resistance is at 11.95. RSI (Relative Strength Index) is 64.35 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.36, which suggests the price will decrease in the coming days. Percent R is at 22.83%, indicating bullish price movement. Stochastics%K at holding indicates that the stock is to be held.
