The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Viasat, Inc shares valued at $820,000 were purchased by BALDRIDGE RICHARD A on Sep 12 ’24. At $14.91 per share, BALDRIDGE RICHARD A acquired 55,000 shares. The insider’s holdings grew to 55,000 shares worth approximately $0.43 million following the completion of this transaction.
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Also, CPP Investment Board Private H sold 2,811,442 shares, netting a total of over 55,947,696 in proceeds. Following the sale of shares at $19.90 each, the insider now holds 8,545,334 shares.
Before that, ONTARIO TEACHERS PENSION PLAN had sold 2,811,442 shares from its account. In a trade valued at $55,947,696, the traded Viasat, Inc shares for $19.90 each. Upon closing the transaction, the insider’s holdings decreased to 2,811,442 shares, worth approximately $67.51 million.
As published in a research note from Needham on October 15, 2024, Viasat, Inc [VSAT] has been retained to a Buy and the price target has been revised to $19. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in mid September. As of October 17, 2023, JP Morgan has increased its “Neutral” rating to a “an Overweight” for VSAT. Earlier on October 17, 2023, Deutsche Bank initiated its rating. Their recommendation was “a Hold” for VSAT stock.
Analyzing VSAT Stock Performance
During the last five days, there has been a drop of approximately -23.15%. Over the course of the year, Viasat, Inc shares have dropped approximately -71.74%. Shares of the company reached a 52-week high of $29.11 on 01/02/24 and a 52-week low of $7.82 on 11/13/24. A 50-day SMA is recorded $11.59, while a 200-day SMA reached $15.78. Nevertheless, trading volume fell to 3.62 million shares from 2.63 million shares the previous day.
Support And Resistance Levels for Viasat, Inc (VSAT)
According to the 24-hour chart, there is a support level at 7.63, which, if violated, would cause prices to drop to 7.35. In the upper region, resistance lies at 8.37. The next price resistance is at 8.83. RSI (Relative Strength Index) is 24.49 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.20, which suggests the price will decrease in the coming days. Percent R is at 97.61%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
