Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Viatris Inc shares valued at $1,628,164 were sold by Malik Rajiv on Sep 12 ’24. At $11.66 per share, Malik Rajiv sold 139,681 shares. The insider’s holdings dropped to 505,838 shares worth approximately $6.67 million following the completion of this transaction.
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Also, Malik Rajiv sold 60,319 shares, netting a total of over 706,553 in proceeds. Following the sale of shares at $11.71 each, the insider now holds 0 shares.
Before that, Malik Rajiv had sold 50,000 shares from its account. In a trade valued at $600,000, the Director traded Viatris Inc shares for $12.00 each. Upon closing the transaction, the insider’s holdings decreased to 50,000 shares, worth approximately $0.8 million.
Analysts at BofA Securities downgraded the stock from ‘”a Neutral”‘ to ‘”an Underperform”‘ outlook in a report released in late October. As of June 23, 2023, Barclays has decreased its “an Equal weight” rating to a “an Underweight” for VTRS. Earlier on April 24, 2023, Barclays downgraded its rating. Their new recommendation was “an Equal weight” for VTRS stock which previously was a “an Overweight”.
Analyzing VTRS Stock Performance
During the last five days, there has been a surge of approximately 13.62%. Over the course of the year, Viatris Inc shares have jumped approximately 21.70%. Shares of the company reached a 52-week high of $13.62 on 02/23/24 and a 52-week low of $9.93 on 06/18/24. A 50-day SMA is recorded $11.62, while a 200-day SMA reached $11.54. Nevertheless, trading volume fell to 22.09 million shares from 11.59 million shares the previous day.
Support And Resistance Levels for Viatris Inc (VTRS)
According to the 24-hour chart, there is a support level at 12.09, which, if violated, would cause prices to drop to 10.99. In the upper region, resistance lies at 13.86. The next price resistance is at 14.53. RSI (Relative Strength Index) is 74.97 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.41, which suggests the price will decrease in the coming days. Percent R is at 12.32%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
