Examining the Potential Price Growth of Jacobs Solutions Inc (J)

Jacobs Solutions Inc’s recently made public that its EXECUTIVE VICE PRESIDENT Hill Patrick unloaded Company’s shares for reported $0.82 million on Mar 08 ’24. In the deal valued at $149.00 per share,5,486 shares were sold. As a result of this transaction, Hill Patrick now holds 57,233 shares worth roughly $8.57 million.

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Then, DEMETRIOU STEVEN J. sold 7,000 shares, generating $1,026,550 in total proceeds. Upon selling the shares at $146.65, the EXECUTIVE CHAIR now owns 562,138 shares.

Before that, Gustafson Shelette M sold 1,852 shares. Jacobs Solutions Inc shares valued at $274,096 were divested by the EXEC VICE PRESIDENT at a price of $148.00 per share. As a result of the transaction, Gustafson Shelette M now holds 28,791 shares, worth roughly $4.31 million.

Truist initiated its Jacobs Solutions Inc [J] rating to a Hold in a research note published on March 14, 2024; the price target was $154. Raymond James also remained covering J and has decreased its forecast on November 22, 2023 with a “Mkt perform” recommendation from previously “an Outperform” rating. HSBC Securities started covering the stock on September 15, 2023. It rated J as “a Hold”.

Price Performance Review of J

On Tuesday, Jacobs Solutions Inc [NYSE:J] saw its stock fall -1.01% to $149.71. Over the last five days, the stock has lost -0.25%. Jacobs Solutions Inc shares have risen nearly 15.34% since the year began. Nevertheless, the stocks have risen 28.88% over the past one year. While a 52-week high of $154.50 was reached on 03/28/24, a 52-week low of $109.00 was recorded on 01/08/24. SMA at 50 days reached $145.11, while 200 days put it at $133.63. A total of 0.72 million shares were traded, compared to the trading of 0.5 million shares in the previous session.

Levels Of Support And Resistance For J Stock

The 24-hour chart illustrates a support level at 148.84, which if violated will result in even more drops to 147.97. On the upside, there is a resistance level at 151.04. A further resistance level may holdings at 152.38. The Relative Strength Index (RSI) on the 14-day chart is 53.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.07, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 68.72%. Stochastics %K at 59.12% indicates the stock is a holding.

How much short interest is there in Jacobs Solutions Inc?

A steep rise in short interest was recorded in Jacobs Solutions Inc stocks on Mar 15, 2024, growing by 100000.0 shares to a total of 1.66 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 1.56 million shares. There was a rise of 6.02%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.51% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.76.

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