Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Viavi Solutions Inc shares valued at $45,337 were purchased by RALPH RONDINONE on Sep 26 ’24. At $8.86 per share, RALPH RONDINONE acquired 5,117 shares.
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Also, LUKE SCRIVANICH purchased 3,029 shares, netting a total of over 26,837 in proceeds.
Before that, KEVIN SIEBERT had added 2,671 shares to its account. In a trade valued at $23,665, the Officer bought Viavi Solutions Inc shares for $8.86 each.
As published in a research note from Rosenblatt on June 26, 2024, Viavi Solutions Inc [VIAV] has been rated down from a Buy to a Neutral and the price target has been revised to $8.25. Analysts at Susquehanna downgraded the stock from ‘”a Positive”‘ to ‘”a Neutral”‘ outlook in a report released in early May. As of February 12, 2024, Stifel has increased its “Hold” rating to a “Buy” for VIAV. Earlier on December 02, 2022, Stifel initiated its rating. Their recommendation was “a Hold” for VIAV stock.
Analyzing VIAV Stock Performance
During the last five days, there has been a surge of approximately 1.46%. Over the course of the year, Viavi Solutions Inc shares have dropped approximately -10.53%. Shares of the company reached a 52-week high of $11.32 on 03/06/24 and a 52-week low of $6.60 on 06/27/24. A 50-day SMA is recorded $8.19, while a 200-day SMA reached $8.56. Nevertheless, trading volume fell to 1.51 million shares from 1.5 million shares the previous day.
Support And Resistance Levels for Viavi Solutions Inc (VIAV)
According to the 24-hour chart, there is a support level at 8.93, which, if violated, would cause prices to drop to 8.85. In the upper region, resistance lies at 9.08. The next price resistance is at 9.15. RSI (Relative Strength Index) is 65.79 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.31, which suggests the price will decrease in the coming days. Percent R is at 6.15%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Which companies own the most shares of Viavi Solutions Inc (VIAV)?
On November 04, 2022, B. Riley Securities assigned a price target of “a Neutral” to the stock and downgraded coverage with a $14.50.
