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Checking in on Aviat Networks Inc (AVNW) after recent insiders movement

Aviat Networks Inc’s recently made public that its Director Klein Michele acquired Company’s shares for reported $4801.0 on May 07 ’24. In the deal valued at $32.01 per share,150 shares were bought. As a result of this transaction, Klein Michele now holds 12,822 shares worth roughly $0.31 million.

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Then, SMITH PETE A bought 1,000 shares, generating $30,700 in total proceeds. Upon buying the shares at $30.70, the President and CEO now owns 242,199 shares.

Lake Street initiated its Aviat Networks Inc [AVNW] rating to a Buy in a research note published on June 06, 2023; the price target was $51. A number of analysts have revised their coverage, including JMP Securities’s analysts, who began to cover the stock in early September with a ‘”a Mkt outperform”‘ rating. ROTH Capital began covering AVNW with “Buy” recommendation on August 24, 2021. B. Riley Securities started covering the stock on July 22, 2021. It rated AVNW as “a Buy”.

Price Performance Review of AVNW

On Tuesday, Aviat Networks Inc [NASDAQ:AVNW] saw its stock fall -2.86% to $24.08. Over the last five days, the stock has lost -10.28%. Aviat Networks Inc shares have fallen nearly -26.27% since the year began. Nevertheless, the stocks have fallen -27.18% over the past one year. While a 52-week high of $38.85 was reached on 04/01/24, a 52-week low of $24.73 was recorded on 09/10/24. SMA at 50 days reached $27.90, while 200 days put it at $31.34.

Levels Of Support And Resistance For AVNW Stock

The 24-hour chart illustrates a support level at 23.77, which if violated will result in even more drops to 23.46. On the upside, there is a resistance level at 24.57. A further resistance level may holdings at 25.05. The Relative Strength Index (RSI) on the 14-day chart is 27.34, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.87, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.95%. Stochastics %K at 3.29% indicates the stock is a buying.

How much short interest is there in Aviat Networks Inc?

A steep rise in short interest was recorded in Aviat Networks Inc stocks on 2024-08-15, dropping by 83662.0 shares to a total of 0.48 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 0.57 million shares. There was a decline of -17.28%, which implies that there is a negative sentiment for the stock.

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