Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Viasat, Inc. shares valued at $55,947,696 were sold by CPP Investment Board Private H on Aug 12 ’24. At $19.90 per share, CPP Investment Board Private H sold 2,811,442 shares. The insider’s holdings dropped to 8,545,334 shares worth approximately $148.09 million following the completion of this transaction.
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Also, ONTARIO TEACHERS PENSION PLAN sold 2,811,442 shares, netting a total of over 55,947,696 in proceeds. Following the sale of shares at $19.90 each, the insider now holds 8,545,334 shares.
Before that, Warburg Pincus (Cayman) Global had sold 2,811,443 shares from its account. In a trade valued at $55,947,716, the traded Viasat, Inc. shares for $19.90 each. Upon closing the transaction, the insider’s holdings decreased to 2,811,443 shares, worth approximately $145.41 million.
As published in a research note from JP Morgan on October 17, 2023, Viasat, Inc. [VSAT] has been rated up from a Neutral to an Overweight and the price target has been revised to $30 from $35. Analysts at Deutsche Bank started covering the stock with ‘”a Hold”‘ outlook in a report released in mid October. Earlier on January 26, 2023, William Blair downgraded its rating. Their new recommendation was “a Mkt perform” for VSAT stock which previously was a “an Outperform”.
Analyzing VSAT Stock Performance
During the last five days, there has been a surge of approximately 9.20%. Over the course of the year, Viasat, Inc. shares have dropped approximately -38.00%. Shares of the company reached a 52-week high of $29.11 on 01/02/24 and a 52-week low of $11.76 on 06/26/24. A 50-day SMA is recorded $16.82, while a 200-day SMA reached $18.87. Nevertheless, trading volume fell to 2.04 million shares from 1.11 million shares the previous day.
Support And Resistance Levels for Viasat, Inc. (VSAT)
According to the 24-hour chart, there is a support level at 15.93, which, if violated, would cause prices to drop to 14.54. In the upper region, resistance lies at 18.06. The next price resistance is at 18.80. RSI (Relative Strength Index) is 51.52 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.70, which suggests the price will decrease in the coming days. Percent R is at 25.45%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
