Viavi Solutions Inc’s filing revealed 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 $2.53 million.
Needham upgraded its Viavi Solutions Inc [VIAV] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in mid December from “an Equal-weight” to “an Underweight”. UBS began covering VIAV with “Neutral” recommendation on November 19, 2024. Rosenblatt revised its rating on June 26, 2024. It rated VIAV as “a Neutral” which previously was an “a Buy”.
Price Performance Review of VIAV
On Friday, Viavi Solutions Inc [NASDAQ:VIAV] saw its stock jump 20.52% to $12.04. Over the last five days, the stock has gained 14.78%. Viavi Solutions Inc shares have risen nearly 19.21% since the year began. Nevertheless, the stocks have risen 24.00% over the past one year. While a 52-week high of $11.49 was reached on 01/31/25, a 52-week low of $6.60 was recorded on 01/28/25. SMA at 50 days reached $10.27, while 200 days put it at $8.69.
Levels Of Support And Resistance For VIAV Stock
The 24-hour chart illustrates a support level at 11.64, which if violated will result in even more drops to 11.25. On the upside, there is a resistance level at 12.67. A further resistance level may holdings at 13.30. The Relative Strength Index (RSI) on the 14-day chart is 72.80, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 26.46%. Stochastics %K at 43.10% 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 2025-01-15, dropping by 83114.0 shares to a total of 5.36 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 5.44 million shares. There was a decline of -1.55%, which implies that there is a negative sentiment for the stock.
