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Viasat, Inc. [VSAT] Investment Appeal on the Rise

In a filing, Viasat, Inc. revealed its CPP Investment Board Private H unloaded Company’s shares for reported $55.95 million on Aug 12 ’24. In the deal valued at $19.90 per share,2,811,442 shares were sold. As a result of this transaction, CPP Investment Board Private H now holds 8,545,334 shares worth roughly $150.14 million.

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Then, ONTARIO TEACHERS PENSION PLAN sold 2,811,442 shares, generating $55,947,696 in total proceeds. Upon selling the shares at $19.90, the now owns 8,545,334 shares.

Before that, Warburg Pincus (Cayman) Global sold 2,811,443 shares. Viasat, Inc. shares valued at $55,947,716 were divested by the at a price of $19.90 per share. As a result of the transaction, Warburg Pincus (Cayman) Global now holds 8,390,687 shares, worth roughly $147.42 million.

JP Morgan upgraded its Viasat, Inc. [VSAT] rating to an Overweight from a a Neutral in a research note published on October 17, 2023; the price target was decreased to $30 from $35. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in mid October with a ‘”a Hold”‘ rating. William Blair revised its rating on January 26, 2023. It rated VSAT as “a Mkt perform” which previously was an “an Outperform”.

Price Performance Review of VSAT

On Friday, Viasat, Inc. [NASDAQ:VSAT] saw its stock jump 0.80% to $17.57. Over the last five days, the stock has lost -23.01%. Viasat, Inc. shares have fallen nearly -37.14% since the year began. Nevertheless, the stocks have fallen -40.82% over the past one year. While a 52-week high of $31.21 was reached on 01/02/24, a 52-week low of $11.76 was recorded on 06/26/24. SMA at 50 days reached $16.14, while 200 days put it at $19.02.

Levels Of Support And Resistance For VSAT Stock

The 24-hour chart illustrates a support level at 17.20, which if violated will result in even more drops to 16.82. On the upside, there is a resistance level at 18.06. A further resistance level may holdings at 18.54. The Relative Strength Index (RSI) on the 14-day chart is 48.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.85, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.29%. Stochastics%K at 10.74% indicates the stock is a buying.

How much short interest is there in Viasat, Inc.?

A steep rise in short interest was recorded in Viasat, Inc. stocks on 2024-07-31, growing by 1.3 million shares to a total of 16.58 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 15.28 million shares. There was a rise of 7.84%, which implies that there is a positive sentiment for the stock.

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