Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. JELD-WEN Holding Inc. shares valued at $1,071,106 were sold by Turtle Creek Asset Management on Feb 12 ’24. At $19.84 per share, Turtle Creek Asset Management sold 54,000 shares. The insider’s holdings dropped to 760,463 shares worth approximately $15.64 million following the completion of this transaction.
Also, Turtle Creek Asset Management sold 53,000 shares, netting a total of over 1,036,150 in proceeds. Following the sale of shares at $19.55 each, the insider now holds 814,463 shares.
Before that, Craven Timothy had sold 3,852 shares from its account. In a trade valued at $55,927, the EVP, Human Resources traded JELD-WEN Holding Inc. shares for $14.52 each. Upon closing the transaction, the insider’s holdings decreased to 3,852 shares, worth approximately $0.91 million.
As published in their initiating research note from Loop Capital on February 15, 2024, JELD-WEN Holding Inc. [JELD] has been a Hold and the price target has been revised to $22. Analysts at Oppenheimer started covering the stock with ‘”a Perform”‘ outlook in a report released in mid January. As of December 20, 2022, JP Morgan has increased its “an Underweight” rating to a “Neutral” for JELD. Earlier on November 08, 2022, Wolfe Research downgraded its rating. Their new recommendation was “an Underperform” for JELD stock which previously was a “a Peer perform”.
Analyzing JELD Stock Performance
During the last five days, there has been a drop of approximately -0.05%. Over the course of the year, JELD-WEN Holding Inc. shares have jumped approximately 8.95%. Shares of the company reached a 52-week high of $21.62 on 03/28/24 and a 52-week low of $17.17 on 01/17/24. A 50-day SMA is recorded $19.02, while a 200-day SMA reached $16.49. Nevertheless, trading volume fell to 0.62 million shares from 0.48 million shares the previous day.
Support And Resistance Levels for JELD-WEN Holding Inc. (JELD)
According to the 24-hour chart, there is a support level at 20.27, which, if violated, would cause prices to drop to 19.96. In the upper region, resistance lies at 21.11. The next price resistance is at 21.65. RSI (Relative Strength Index) is 59.64 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.49, which suggests the price will decrease in the coming days. Percent R is at 30.79%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is JELD-WEN Holding Inc. subject to short interest?
Stocks of JELD-WEN Holding Inc. saw a sharp steep in short interest on Mar 15, 2024 dropping by -0.27 million shares to 2.54 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 2.81 million shares. A decline of -10.63% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 5.09 of the overall float, the days-to-cover ratio (short ratio) decline to 5.09.
