Checking in on Jack In The Box, Inc. (JACK) after recent insiders movement

Jack In The Box, Inc.’s filing revealed that its EVP, Chief Mktng&Digtl Officer Ostrom Ryan Lee unloaded Company’s shares for reported $24948.0 on Feb 16 ’24. In the deal valued at $76.06 per share,328 shares were sold. As a result of this transaction, Ostrom Ryan Lee now holds 17,946 shares worth roughly $1.3 million.

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Then, HOOPER DAWN E sold 223 shares, generating $17,066 in total proceeds. Upon selling the shares at $76.53, the SVP, Controller now owns 6,149 shares.

Before that, HARRIS DARIN S sold 3,823 shares. Jack In The Box, Inc. shares valued at $311,804 were divested by the DIRECTOR & CEO at a price of $81.56 per share. As a result of the transaction, HARRIS DARIN S now holds 91,485 shares, worth roughly $6.65 million.

Northcoast upgraded its Jack In The Box, Inc. [JACK] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in mid October with a ‘”a Hold”‘ rating. Morgan Stanley maintained its rating on July 17, 2023. It rated JACK as “an Equal-weight”.

Price Performance Review of JACK

On Tuesday, Jack In The Box, Inc. [NASDAQ:JACK] saw its stock fall -1.60% to $72.65. Over the last five days, the stock has lost -2.43%. Jack In The Box, Inc. shares have fallen nearly -11.00% since the year began. Nevertheless, the stocks have fallen -10.12% over the past one year. While a 52-week high of $99.56 was reached on 01/05/24, a 52-week low of $60.43 was recorded on 02/22/24. SMA at 50 days reached $76.55, while 200 days put it at $79.19. A total of 0.38 million shares were traded, compared to the trading of 0.5 million shares in the previous session.

Levels Of Support And Resistance For JACK Stock

The 24-hour chart illustrates a support level at 72.03, which if violated will result in even more drops to 71.41. On the upside, there is a resistance level at 73.56. A further resistance level may holdings at 74.47. The Relative Strength Index (RSI) on the 14-day chart is 43.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.97%. Stochastics %K at 62.49% indicates the stock is a holding.

How much short interest is there in Jack In The Box, Inc.?

A steep rise in short interest was recorded in Jack In The Box, Inc. stocks on Feb 29, 2024, dropping by -0.13 million shares to a total of 0.97 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 1.1 million shares. There was a decline of -13.8%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 6.91% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.68.

The most recent change occurred on June 14, 2023 when Piper Sandler began covering the stock and recommended ‘”a Neutral”‘ rating along with a $93 price target.

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