Viatris Inc’s filing revealed that its Director Malik Rajiv unloaded Company’s shares for reported $2.69 million on Jun 14 ’24. In the deal valued at $10.18 per share,264,300 shares were sold. As a result of this transaction, Malik Rajiv now holds 645,519 shares worth roughly $7.8 million.
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Then, Malik Rajiv sold 85,660 shares, generating $900,741 in total proceeds. Upon selling the shares at $10.52, the Director now owns 909,819 shares.
Before that, Roman Brian sold 89,419 shares. Viatris Inc shares valued at $928,429 were divested by the Chief Legal Officer at a price of $10.38 per share. As a result of the transaction, Roman Brian now holds 67,723 shares, worth roughly $0.82 million.
A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in late October from “a Neutral” to “an Underperform”. Barclays also remained covering VTRS and has decreased its forecast on June 23, 2023 with a “an Underweight” recommendation from previously “an Equal weight” rating. Barclays revised its rating on April 24, 2023. It rated VTRS as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of VTRS
On Friday, Viatris Inc [NASDAQ:VTRS] saw its stock jump 2.72% to $12.08. Over the last five days, the stock has gained 2.03%. Viatris Inc shares have risen nearly 11.54% since the year began. Nevertheless, the stocks have risen 15.27% over the past one year. While a 52-week high of $13.62 was reached on 02/23/24, a 52-week low of $8.74 was recorded on 06/18/24. SMA at 50 days reached $10.79, while 200 days put it at $10.94. A total of 6.02 million shares were traded, compared to the trading of 4.19 million shares in the previous session.
Levels Of Support And Resistance For VTRS Stock
The 24-hour chart illustrates a support level at 11.85, which if violated will result in even more drops to 11.61. On the upside, there is a resistance level at 12.25. A further resistance level may holdings at 12.41. The Relative Strength Index (RSI) on the 14-day chart is 70.03, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 5.85%. Stochastics%K at 83.12% indicates the stock is a selling.
