On September 28, Viavi Solutions fell 5.05% in regular trading, trading at $38.625 per share, with turnover of approximately $53.61 million. The decline was primarily driven by a wave of concentrated insider selling, as the company simultaneously filed a Form 144 securities sale report.

According to recent disclosures, 18 insider transactions were reported on September 23. Director Oleg Khaykin sold 294,900 shares at $36.40, totaling approximately $10.74 million. Several senior executives also sold shares on the same date, including Ilan Daskal (69,400 shares for $2.52 million), Luke Scrivanich (37,200 shares for $1.35 million), Paul McNab (35,400 shares for $1.29 million), and Gary Staley (31,700 shares for $1.15 million). The stock had rallied following a strong fiscal Q4 earnings beat in August, where adjusted EPS of $0.34 surpassed the $0.30 estimate and revenue of $443.1 million exceeded the $432.6 million consensus. The concentrated insider selling intensified short-term profit-taking pressure.

Within the Communication Equipment sector, broad weakness was evident. Applied Optoelectronics fell 7.4%, Lumentum dropped 6.16%, Nokia declined 4.02%, Arista Networks lost 1.11%, and Cisco slipped 0.39%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)