Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Aviat Networks Inc shares valued at $19,530 were purchased by Klein Michele on Nov 08 ’24. At $13.95 per share, Klein Michele acquired 1,400 shares. The insider’s holdings grew to 22,561 shares worth approximately $0.35 million following the completion of this transaction.
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Also, Connaway Michael purchased 3,500 shares, netting a total of over 49,455 in proceeds. Following the buying of shares at $14.13 each, the insider now holds 57,893 shares.
Before that, SMITH PETE A had added 3,000 shares to its account. In a trade valued at $42,390, the President and CEO bought Aviat Networks Inc shares for $14.13 each. Upon closing the transaction, the insider’s holdings increased to 3,000 shares, worth approximately $4.68 million.
As published in their initiating research note from Lake Street on June 06, 2023, Aviat Networks Inc [AVNW] has been a Buy and the price target has been revised to $51. Analysts at JMP Securities started covering the stock with ‘”a Mkt outperform”‘ outlook in a report released in early September. As of August 24, 2021, ROTH Capital has initiated its “Buy” rating for AVNW. Earlier on July 22, 2021, B. Riley Securities initiated its rating. Their recommendation was “a Buy” for AVNW stock.
Analyzing AVNW Stock Performance
During the last five days, there has been a surge of approximately 8.44%. Over the course of the year, Aviat Networks Inc shares have dropped approximately -52.02%. Shares of the company reached a 52-week high of $38.85 on 04/01/24 and a 52-week low of $12.95 on 11/07/24. A 50-day SMA is recorded $19.41, while a 200-day SMA reached $28.01. Nevertheless, trading volume fell to 84988.0 shares from 0.21 million shares the previous day.
Support And Resistance Levels for Aviat Networks Inc (AVNW)
According to the 24-hour chart, there is a support level at 15.40, which, if violated, would cause prices to drop to 15.12. In the upper region, resistance lies at 16.10. The next price resistance is at 16.53. RSI (Relative Strength Index) is 41.78 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.12, which suggests the price will increase in the coming days. Percent R is at 28.40%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
