Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Viasat, Inc shares valued at $32,824 were sold by MILLER MARK J on Dec 12 ’24. At $9.21 per share, MILLER MARK J sold 3,564 shares. The insider’s holdings dropped to 350,351 shares worth approximately $3.01 million following the completion of this transaction.
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Also, MILLER FAMILY TRUST purchased 3,564 shares, netting a total of over 32,837 in proceeds.
Before that, BALDRIDGE RICHARD A had added 55,000 shares to its account. In a trade valued at $820,000, the Director bought Viasat, Inc shares for $14.91 each. Upon closing the transaction, the insider’s holdings increased to 55,000 shares, worth approximately $0.47 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 -6.33%. Over the course of the year, Viasat, Inc shares have dropped approximately -69.30%. Shares of the company reached a 52-week high of $29.11 on 01/02/24 and a 52-week low of $6.69 on 11/20/24. A 50-day SMA is recorded $9.48, while a 200-day SMA reached $14.38. Nevertheless, trading volume fell to 2.3 million shares from 4.21 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 8.29, which, if violated, would cause prices to drop to 8.01. In the upper region, resistance lies at 8.81. The next price resistance is at 9.05. RSI (Relative Strength Index) is 43.99 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.48, which suggests the price will decrease in the coming days. Percent R is at 84.26%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
