Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Aviat Networks Inc shares valued at $14,265 were purchased by Akkaraju Laxmi on Nov 27 ’24. At $15.85 per share, Akkaraju Laxmi acquired 900 shares. The insider’s holdings grew to 13,285 shares worth approximately $0.25 million following the completion of this transaction.
Also, Klein Michele purchased 1,400 shares, netting a total of over 19,530 in proceeds. Following the buying of shares at $13.95 each, the insider now holds 22,561 shares.
Before that, Connaway Michael had added 3,500 shares to its account. In a trade valued at $49,455, the SVP & Chief Financial Officer bought Aviat Networks Inc shares for $14.13 each. Upon closing the transaction, the insider’s holdings increased to 3,500 shares, worth approximately $1.09 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 3.70%. Over the course of the year, Aviat Networks Inc shares have jumped approximately 3.70%. Shares of the company reached a 52-week high of $20.04 on 01/07/25 and a 52-week low of $17.69 on 01/02/25. A 50-day SMA is recorded $17.06, while a 200-day SMA reached $25.62. Nevertheless, trading volume fell to 0.11 million shares from 0.32 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 18.60, which, if violated, would cause prices to drop to 18.41. In the upper region, resistance lies at 19.10. The next price resistance is at 19.41. RSI (Relative Strength Index) is 59.78 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.30, which suggests the price will increase in the coming days. Percent R is at 34.15%, indicating low price movement. Stochastics %K at selling indicates that the stock is to be held.
