Viavi Solutions Inc’s recently made public 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 $2.24 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 $2.12 million.
UBS initiated its Viavi Solutions Inc [VIAV] rating to a Neutral in a research note published on November 19, 2024; the price target was $10.60. A number of analysts have revised their coverage, including Rosenblatt’s analysts, who decreased its forecast for the stock in late June from “a Buy” to “a Neutral”. Susquehanna also remained covering VIAV and has decreased its forecast on May 03, 2024 with a “Neutral” recommendation from previously “Positive” rating. Stifel revised its rating on February 12, 2024. It rated VIAV as “a Buy” which previously was an “a Hold”.
Price Performance Review of VIAV
On Friday, Viavi Solutions Inc [NASDAQ:VIAV] saw its stock jump 0.61% to $9.94. Over the last five days, the stock has gained 0.40%. Viavi Solutions Inc shares have fallen nearly -1.29% since the year began. Nevertheless, the stocks have risen 23.48% 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 $9.47, while 200 days put it at $8.53.
Levels Of Support And Resistance For VIAV Stock
The 24-hour chart illustrates a support level at 9.89, which if violated will result in even more drops to 9.84. On the upside, there is a resistance level at 9.99. A further resistance level may holdings at 10.05. The Relative Strength Index (RSI) on the 14-day chart is 53.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.91%. Stochastics %K at 25.45% 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 2024-11-15, growing by 0.64 million shares to a total of 4.62 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 3.97 million shares. There was a rise of 13.92%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on December 02, 2022 when Stifel began covering the stock and recommended ‘”a Hold”‘ rating along with a $12 price target.
