In a filing, Viatris Inc revealed its insider Campbell Paul unloaded Company’s shares for reported $0.35 million on Nov 11 ’24. In the deal valued at $12.88 per share,26,925 shares were sold. As a result of this transaction, Campbell Paul now holds 126,901 shares worth roughly $1.7 million.
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Then, Campbell Paul bought 26,925 shares, generating $346,686 in total proceeds.
Before that, Malik Rajiv sold 139,681 shares. Viatris Inc shares valued at $1,628,164 were divested by the Director at a price of $11.66 per share. As a result of the transaction, Malik Rajiv now holds 505,838 shares, worth roughly $6.76 million.
A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in late October from “a Neutral” to “an Underperform”. Barclays also remained covering VTRS and has decreased its forecast on June 23, 2023 with a “an Underweight” recommendation from previously “an Equal weight” rating. Barclays revised its rating on April 24, 2023. It rated VTRS as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of VTRS
On Friday, Viatris Inc [NASDAQ:VTRS] saw its stock jump 0.91% to $13.37. Over the last five days, the stock has gained 4.21%. Viatris Inc shares have risen nearly 23.45% since the year began. Nevertheless, the stocks have risen 42.69% over the past one year. While a 52-week high of $13.62 was reached on 02/23/24, a 52-week low of $9.08 was recorded on 06/18/24. SMA at 50 days reached $11.93, while 200 days put it at $11.61.
Levels Of Support And Resistance For VTRS Stock
The 24-hour chart illustrates a support level at 13.17, which if violated will result in even more drops to 12.97. On the upside, there is a resistance level at 13.53. A further resistance level may holdings at 13.70. The Relative Strength Index (RSI) on the 14-day chart is 69.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.42, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 5.77%. Stochastics %K at 90.18% indicates the stock is a selling.
How much short interest is there in Viatris Inc?
A steep rise in short interest was recorded in Viatris Inc stocks on 2024-10-31, dropping by -1.82 million shares to a total of 24.49 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 26.31 million shares. There was a decline of -7.44%, which implies that there is a negative sentiment for the stock.
