Director Richard Belluzzo sold 51,110 shares for $2.7M, his 9th open-market sale in 3 years.
Richard Belluzzo, a director of VIAVI Solutions, sold a substantial block of shares totaling nearly $2.7 million—representing roughly one-quarter of his holdings. This marks his ninth open-market sale over the past three years, establishing a consistent pattern of share reduction with no offsetting open-market purchases during this period. The stock itself has staged a dramatic rally, climbing nearly double over the past three months and recovering to trade only moderately below its 52-week high, suggesting Belluzzo chose to sell into strength rather than weakness. Against this backdrop, the company remains profitable with growing revenue on an annual basis, though the latest quarterly results showed a net loss—a potential signal of operational pressure despite overall year-over-year growth trends. The combination of Belluzzo's persistent pattern of selling, the scale of this transaction, and the recent quarterly losses creates a mixed picture that retail investors should monitor.