The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Viatris Inc shares valued at $346,686 were sold by Campbell Paul on Nov 11 ’24. At $12.88 per share, Campbell Paul sold 26,925 shares. The insider’s holdings dropped to 126,901 shares worth approximately $1.54 million following the completion of this transaction.
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Also, Campbell Paul purchased 26,925 shares, netting a total of over 346,686 in proceeds.
Before that, Malik Rajiv had sold 139,681 shares from its account. In a trade valued at $1,628,164, the Director traded Viatris Inc shares for $11.66 each. Upon closing the transaction, the insider’s holdings decreased to 139,681 shares, worth approximately $6.14 million.
Analysts at BofA Securities downgraded the stock from ‘”a Neutral”‘ to ‘”an Underperform”‘ outlook in a report released in late October. As of June 23, 2023, Barclays has decreased its “an Equal weight” rating to a “an Underweight” for VTRS. Earlier on April 24, 2023, Barclays downgraded its rating. Their new recommendation was “an Equal weight” for VTRS stock which previously was a “an Overweight”.
Analyzing VTRS Stock Performance
During the last five days, there has been a drop of approximately -5.38%. Over the course of the year, Viatris Inc shares have jumped approximately 12.00%. Shares of the company reached a 52-week high of $13.62 on 02/23/24 and a 52-week low of $9.93 on 06/18/24. A 50-day SMA is recorded $12.39, while a 200-day SMA reached $11.62. Nevertheless, trading volume fell to 7.8 million shares from 7.45 million shares the previous day.
Support And Resistance Levels for Viatris Inc (VTRS)
According to the 24-hour chart, there is a support level at 12.01, which, if violated, would cause prices to drop to 11.88. In the upper region, resistance lies at 12.32. The next price resistance is at 12.50. RSI (Relative Strength Index) is 38.12 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.38, which suggests the price will decrease in the coming days. Percent R is at 94.89%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
