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Viasat, Inc. (VSAT) gets rating Downgrade from JP Morgan

Viasat, Inc.’s recent filing unveils that its Director BALDRIDGE RICHARD A acquired Company’s shares for reported $0.82 million on Sep 12 ’24. In the deal valued at $14.91 per share,55,000 shares were bought. As a result of this transaction, BALDRIDGE RICHARD A now holds 55,000 shares worth roughly $0.63 million.

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Then, CPP Investment Board Private H 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, ONTARIO TEACHERS PENSION PLAN sold 2,811,442 shares. Viasat, Inc. shares valued at $55,947,696 were divested by the at a price of $19.90 per share. As a result of the transaction, ONTARIO TEACHERS PENSION PLAN now holds 8,545,334 shares, worth roughly $97.42 million.

JP Morgan downgraded its Viasat, Inc. [VSAT] rating to a Neutral from a an Overweight in a research note published on September 17, 2024; the price target was decreased to $15 from $29. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in mid October from “a Neutral” to “an Overweight”. Deutsche Bank began covering VSAT with “Hold” recommendation on October 17, 2023.

Price Performance Review of VSAT

On Friday, Viasat, Inc. [NASDAQ:VSAT] saw its stock jump 2.06% to $11.40. Over the last five days, the stock has lost -6.40%. Viasat, Inc. shares have fallen nearly -59.21% since the year began. Nevertheless, the stocks have fallen -32.42% over the past one year. While a 52-week high of $29.11 was reached on 01/02/24, a 52-week low of $10.87 was recorded on 10/03/24. SMA at 50 days reached $15.96, while 200 days put it at $17.89.

Levels Of Support And Resistance For VSAT Stock

The 24-hour chart illustrates a support level at 11.18, which if violated will result in even more drops to 10.96. On the upside, there is a resistance level at 11.61. A further resistance level may holdings at 11.82. The Relative Strength Index (RSI) on the 14-day chart is 32.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.86, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.15%. Stochastics %K at 10.64% 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 2024-09-13, dropping by -0.9 million shares to a total of 14.0 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 14.9 million shares. There was a decline of -6.44%, which implies that there is a negative sentiment for the stock.

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