Viavi Shares Hit Holiday Week After $557M Debt Move
Viavi Solutions Inc. is trading above the price set in its recent big stock sale as the shortened U.S. trading week begins, though shares fell last week with investors looking at debt reduction versus dilution for the network-testing company. The stock finished Friday at $49.51, gaining 1.08% on the day. The week started at $49.75, down from last Friday’s $51.43 close, putting the shares off about 3.8% for the week. U.S. indexes ended the week up, with the S&P 500 logging its eighth weekly advance.