Juniper Networks Inc’s recently made public that its Chief Executive Officer rahim rami unloaded Company’s shares for reported $0.21 million on Apr 05 ’24. In the deal valued at $37.06 per share,5,555 shares were sold. As a result of this transaction, rahim rami now holds 1,003,429 shares worth roughly $37.2 million.
Then, rahim rami sold 5,555 shares, generating $205,694 in total proceeds. Upon selling the shares at $37.03, the Chief Executive Officer now owns 1,008,984 shares.
Before that, rahim rami sold 5,555 shares. Juniper Networks Inc shares valued at $205,737 were divested by the Chief Executive Officer at a price of $37.04 per share. As a result of the transaction, rahim rami now holds 1,014,539 shares, worth roughly $37.61 million.
JP Morgan downgraded its Juniper Networks Inc [JNPR] rating to a Neutral from a an Overweight in a research note published on October 10, 2023; the price target was decreased to $29 from $32. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in late July from “a Strong buy” to “an Outperform”. Exane BNP Paribas began covering JNPR with “Neutral” recommendation on July 20, 2023. Citigroup started covering the stock on June 30, 2023. It rated JNPR as “a Buy”.
Price Performance Review of JNPR
On Friday, Juniper Networks Inc [NYSE:JNPR] saw its stock jump 0.27% to $37.07. Over the last five days, the stock has gained 0.03%. Juniper Networks Inc shares have risen nearly 25.75% since the year began. Nevertheless, the stocks have risen 8.58% over the past one year. While a 52-week high of $38.04 was reached on 01/12/24, a 52-week low of $24.87 was recorded on 01/02/24. SMA at 50 days reached $37.03, while 200 days put it at $31.01. A total of 2.01 million shares were traded, compared to the trading of 3.53 million shares in the previous session.
Levels Of Support And Resistance For JNPR Stock
The 24-hour chart illustrates a support level at 37.01, which if violated will result in even more drops to 36.94. On the upside, there is a resistance level at 37.13. A further resistance level may holdings at 37.18. The Relative Strength Index (RSI) on the 14-day chart is 54.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 27.16%. Stochastics %K at 73.82% indicates the stock is a holding.
How much short interest is there in Juniper Networks Inc?
A steep rise in short interest was recorded in Juniper Networks Inc stocks on Mar 15, 2024, growing by 1.68 million shares to a total of 13.46 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 11.78 million shares. There was a rise of 12.48%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 6.42% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.29.
