Viavi Solutions Inc’s recent filing unveils that its Director MASOOD JABBAR acquired Company’s shares for reported $0.3 million on Jan 14 ’25. In the deal valued at $10.01 per share,30,000 shares were bought.
Then, JABBAR MASOOD sold 30,000 shares, generating $300,300 in total proceeds. Upon selling the shares at $10.01, the Director now owns 180,333 shares.
Before that, JABBAR MASOOD sold 15,000 shares. Viavi Solutions Inc shares valued at $167,400 were divested by the Director at a price of $11.16 per share. As a result of the transaction, JABBAR MASOOD now holds 210,333 shares, worth roughly $2.19 million.
Morgan Stanley downgraded its Viavi Solutions Inc [VIAV] rating to an Underweight from a an Equal-weight in a research note published on December 17, 2024; the price target was increased to $9.50 from $8. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in mid November with a ‘”a Neutral”‘ rating. Rosenblatt also remained covering VIAV and has decreased its forecast on June 26, 2024 with a “Neutral” recommendation from previously “Buy” rating. Susquehanna revised its rating on May 03, 2024. It rated VIAV as “a Neutral” which previously was an “a Positive”.
Price Performance Review of VIAV
On Tuesday, Viavi Solutions Inc [NASDAQ:VIAV] saw its stock jump 1.86% to $10.41. Over the last five days, the stock has gained 4.94%. Viavi Solutions Inc shares have risen nearly 3.07% since the year began. Nevertheless, the stocks have risen 3.58% over the past one year. While a 52-week high of $11.49 was reached on 01/21/25, a 52-week low of $6.60 was recorded on 01/13/25. SMA at 50 days reached $10.25, while 200 days put it at $8.62.
Levels Of Support And Resistance For VIAV Stock
The 24-hour chart illustrates a support level at 10.26, which if violated will result in even more drops to 10.11. On the upside, there is a resistance level at 10.57. A further resistance level may holdings at 10.72. The Relative Strength Index (RSI) on the 14-day chart is 56.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 19.08%. Stochastics %K at 78.88% 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 2024-12-31, growing by 1.02 million shares to a total of 6.06 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 5.04 million shares. There was a rise of 16.9%, which implies that there is a positive sentiment for the stock.
