Viatris Inc’s recent filing unveils that its Director Malik Rajiv unloaded Company’s shares for reported $1.63 million on Sep 12 ’24. In the deal valued at $11.66 per share,139,681 shares were sold. As a result of this transaction, Malik Rajiv now holds 505,838 shares worth roughly $5.95 million.
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Then, Malik Rajiv sold 60,319 shares, generating $706,553 in total proceeds. Upon selling the shares at $11.71, the Director now owns 0 shares.
Before that, Malik Rajiv sold 50,000 shares. Viatris Inc shares valued at $600,000 were divested by the Director at a price of $12.00 per share. As a result of the transaction, Malik Rajiv now holds 60,319 shares, worth roughly $0.71 million.
A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in late October from “a Neutral” to “an Underperform”. Barclays also remained covering VTRS and has decreased its forecast on June 23, 2023 with a “an Underweight” recommendation from previously “an Equal weight” rating. Barclays revised its rating on April 24, 2023. It rated VTRS as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of VTRS
On Monday, Viatris Inc [NASDAQ:VTRS] saw its stock jump 2.80% to $11.76. Over the last five days, the stock has gained 1.64%. Viatris Inc shares have risen nearly 8.59% since the year began. Nevertheless, the stocks have risen 30.81% over the past one year. While a 52-week high of $13.62 was reached on 02/23/24, a 52-week low of $8.74 was recorded on 06/18/24. SMA at 50 days reached $11.60, while 200 days put it at $11.53.
Levels Of Support And Resistance For VTRS Stock
The 24-hour chart illustrates a support level at 11.56, which if violated will result in even more drops to 11.37. On the upside, there is a resistance level at 11.87. A further resistance level may holdings at 11.99. The Relative Strength Index (RSI) on the 14-day chart is 55.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 24.82%. Stochastics %K at 46.64% indicates the stock is a holding.
How much short interest is there in Viatris Inc?
A steep rise in short interest was recorded in Viatris Inc stocks on 2024-10-15, dropping by -13.03 million shares to a total of 22.6 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 35.63 million shares. There was a decline of -57.66%, which implies that there is a negative sentiment for the stock.
