Viavi Solutions Inc’s recent filing unveils that its Director JABBAR MASOOD unloaded Company’s shares for reported $0.15 million on Nov 14 ’24. In the deal valued at $10.14 per share,15,000 shares were sold. As a result of this transaction, JABBAR MASOOD now holds 225,333 shares worth roughly $2.21 million.
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Then, MASOOD JABBAR bought 15,000 shares, generating $152,168 in total proceeds.
Before that, JABBAR MASOOD sold 15,000 shares. Viavi Solutions Inc shares valued at $137,550 were divested by the Director at a price of $9.17 per share. As a result of the transaction, JABBAR MASOOD now holds 213,514 shares, worth roughly $2.09 million.
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 fall -0.71% to $9.80. Over the last five days, the stock has lost -7.81%. Viavi Solutions Inc shares have fallen nearly -2.68% since the year began. Nevertheless, the stocks have risen 22.96% 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 $9.21, while 200 days put it at $8.50.
Levels Of Support And Resistance For VIAV Stock
The 24-hour chart illustrates a support level at 9.67, which if violated will result in even more drops to 9.54. On the upside, there is a resistance level at 9.93. A further resistance level may holdings at 10.05. The Relative Strength Index (RSI) on the 14-day chart is 52.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.33%. Stochastics %K at 47.83% indicates the stock is a holding.
How much short interest is there in Viavi Solutions Inc?
A steep rise in short interest was recorded in Viavi Solutions Inc stocks on 2024-10-31, growing by 56836.0 shares to a total of 4.26 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 4.21 million shares. There was a rise of 1.33%, which implies that there is a positive sentiment for the stock.
