In a filing, Viavi Solutions Inc revealed its Director JABBAR MASOOD unloaded Company’s shares for reported $0.14 million on Oct 14 ’24. In the deal valued at $9.17 per share,15,000 shares were sold. As a result of this transaction, JABBAR MASOOD now holds 213,514 shares worth roughly $2.27 million.
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Then, MASOOD JABBAR bought 15,000 shares, generating $137,540 in total proceeds.
Before that, RALPH RONDINONE bought 5,117 shares. Viavi Solutions Inc shares valued at $45,337 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 jump 0.95% to $10.63. Over the last five days, the stock has gained 10.96%. Viavi Solutions Inc shares have risen nearly 5.56% since the year began. Nevertheless, the stocks have risen 36.28% 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 $9.01, while 200 days put it at $8.49.
Levels Of Support And Resistance For VIAV Stock
The 24-hour chart illustrates a support level at 10.52, which if violated will result in even more drops to 10.41. On the upside, there is a resistance level at 10.73. A further resistance level may holdings at 10.83. The Relative Strength Index (RSI) on the 14-day chart is 75.59, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.84, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 5.56%. Stochastics %K at 92.74% 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 2024-10-15, dropping by -0.64 million shares to a total of 3.97 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.61 million shares. There was a decline of -16.01%, which implies that there is a negative sentiment for the stock.
