Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Aviat Networks Inc shares valued at $4,801 were purchased by Klein Michele on May 07 ’24. At $32.01 per share, Klein Michele acquired 150 shares. The insider’s holdings grew to 12,822 shares worth approximately $0.18 million following the completion of this transaction.
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Also, SMITH PETE A purchased 1,000 shares, netting a total of over 30,700 in proceeds. Following the buying of shares at $30.70 each, the insider now holds 242,199 shares.
As published in their initiating research note from Lake Street on June 06, 2023, Aviat Networks Inc [AVNW] has been a Buy and the price target has been revised to $51. Analysts at JMP Securities started covering the stock with ‘”a Mkt outperform”‘ outlook in a report released in early September. As of August 24, 2021, ROTH Capital has initiated its “Buy” rating for AVNW. Earlier on July 22, 2021, B. Riley Securities initiated its rating. Their recommendation was “a Buy” for AVNW stock.
Analyzing AVNW Stock Performance
During the last five days, there has been a drop of approximately -33.69%. Over the course of the year, Aviat Networks Inc shares have dropped approximately -58.05%. Shares of the company reached a 52-week high of $38.85 on 04/01/24 and a 52-week low of $13.45 on 11/06/24. A 50-day SMA is recorded $22.37, while a 200-day SMA reached $29.26. Nevertheless, trading volume fell to 1.48 million shares from 0.16 million shares the previous day.
Support And Resistance Levels for Aviat Networks Inc (AVNW)
According to the 24-hour chart, there is a support level at 12.51, which, if violated, would cause prices to drop to 11.32. In the upper region, resistance lies at 15.83. The next price resistance is at 17.96. RSI (Relative Strength Index) is 19.02 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.35, which suggests the price will decrease in the coming days. Percent R is at 97.49%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
