Viavi Solutions Inc’s recent filing unveils that its Officer RALPH RONDINONE acquired Company’s shares for reported $45337.0 on Sep 26 ’24. In the deal valued at $8.86 per share,5,117 shares were bought.
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Then, LUKE SCRIVANICH bought 3,029 shares, generating $26,837 in total proceeds.
Before that, KEVIN SIEBERT bought 2,671 shares. Viavi Solutions Inc shares valued at $23,665 were divested by the Officer at a price of $8.86 per share.
Rosenblatt downgraded its Viavi Solutions Inc [VIAV] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Susquehanna’s analysts, who decreased its forecast for the stock in early May from “a Positive” to “a Neutral”. Stifel also remained covering VIAV and has increased its forecast on February 12, 2024 with a “Buy” recommendation from previously “Hold” rating. Stifel started covering the stock on December 02, 2022. It rated VIAV as “a Hold”.
Price Performance Review of VIAV
On Monday, Viavi Solutions Inc [NASDAQ:VIAV] saw its stock fall -1.33% to $8.93. Over the last five days, the stock has lost -1.00%. Viavi Solutions Inc shares have fallen nearly -11.32% since the year began. Nevertheless, the stocks have risen 8.64% over the past one year. While a 52-week high of $11.32 was reached on 03/06/24, a 52-week low of $6.60 was recorded on 06/27/24. SMA at 50 days reached $8.24, while 200 days put it at $8.55.
Levels Of Support And Resistance For VIAV Stock
The 24-hour chart illustrates a support level at 8.84, which if violated will result in even more drops to 8.76. On the upside, there is a resistance level at 9.05. A further resistance level may holdings at 9.18. The Relative Strength Index (RSI) on the 14-day chart is 61.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 26.26%. Stochastics %K at 84.48% indicates the stock is a selling.
How much short interest is there in Viavi Solutions Inc?
A steep rise in short interest was recorded in Viavi Solutions Inc stocks on 2024-09-13, growing by 0.17 million shares to a total of 4.61 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 4.44 million shares. There was a rise of 3.71%, which implies that there is a positive sentiment for the stock.
