Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Viavi Solutions Inc shares valued at $167,400 were sold by JABBAR MASOOD on Dec 16 ’24. At $11.16 per share, JABBAR MASOOD sold 15,000 shares. The insider’s holdings dropped to 210,333 shares worth approximately $2.18 million following the completion of this transaction.
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Also, MASOOD JABBAR purchased 15,000 shares, netting a total of over 167,355 in proceeds.
Before that, LUKE SCRIVANICH had added 2,802 shares to its account. In a trade valued at $29,225, the Officer bought Viavi Solutions Inc shares for $10.43 each.
As published in a research note from Morgan Stanley on December 17, 2024, Viavi Solutions Inc [VIAV] has been rated down from an Equal-weight to an Underweight and the price target has been revised to $9.50 from $8. Analysts at UBS started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid November. As of June 26, 2024, Rosenblatt has decreased its “Buy” rating to a “Neutral” for VIAV. Earlier on May 03, 2024, Susquehanna downgraded its rating. Their new recommendation was “a Neutral” for VIAV stock which previously was a “a Positive”.
Analyzing VIAV Stock Performance
During the last five days, there has been a surge of approximately 1.97%. Over the course of the year, Viavi Solutions Inc shares have jumped approximately 2.78%. Shares of the company reached a 52-week high of $11.49 on 12/13/24 and a 52-week low of $6.60 on 06/27/24. A 50-day SMA is recorded $10.03, while a 200-day SMA reached $8.58. Nevertheless, trading volume fell to 0.56 million shares from 1.2 million shares the previous day.
Support And Resistance Levels for Viavi Solutions Inc (VIAV)
According to the 24-hour chart, there is a support level at 10.24, which, if violated, would cause prices to drop to 10.13. In the upper region, resistance lies at 10.43. The next price resistance is at 10.50. RSI (Relative Strength Index) is 51.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.20, which suggests the price will decrease in the coming days. Percent R is at 77.03%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.