JELD-WEN Holding Inc.’s filing revealed that its 10% Owner Turtle Creek Asset Management unloaded Company’s shares for reported $1.07 million on Feb 12 ’24. In the deal valued at $19.84 per share,54,000 shares were sold. As a result of this transaction, Turtle Creek Asset Management now holds 760,463 shares worth roughly $16.09 million.
Then, Turtle Creek Asset Management sold 53,000 shares, generating $1,036,150 in total proceeds. Upon selling the shares at $19.55, the 10% Owner now owns 814,463 shares.
Before that, Craven Timothy sold 3,852 shares. JELD-WEN Holding Inc. shares valued at $55,927 were divested by the EVP, Human Resources at a price of $14.52 per share. As a result of the transaction, Craven Timothy now holds 44,038 shares, worth roughly $0.93 million.
Loop Capital initiated its JELD-WEN Holding Inc. [JELD] rating to a Hold in a research note published on February 15, 2024; the price target was $22. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in mid January with a ‘”a Perform”‘ rating. JP Morgan also remained covering JELD and has increased its forecast on December 20, 2022 with a “Neutral” recommendation from previously “an Underweight” rating. Wolfe Research revised its rating on November 08, 2022. It rated JELD as “an Underperform” which previously was an “a Peer perform”.
Price Performance Review of JELD
On Tuesday, JELD-WEN Holding Inc. [NYSE:JELD] saw its stock jump 0.52% to $21.16. Over the last five days, the stock has gained 3.62%. JELD-WEN Holding Inc. shares have risen nearly 12.08% since the year began. Nevertheless, the stocks have risen 90.29% over the past one year. While a 52-week high of $21.67 was reached on 04/08/24, a 52-week low of $11.02 was recorded on 01/17/24. SMA at 50 days reached $19.21, while 200 days put it at $16.56. A total of 0.49 million shares were traded, compared to the trading of 0.62 million shares in the previous session.
Levels Of Support And Resistance For JELD Stock
The 24-hour chart illustrates a support level at 20.82, which if violated will result in even more drops to 20.47. On the upside, there is a resistance level at 21.39. A further resistance level may holdings at 21.61. The Relative Strength Index (RSI) on the 14-day chart is 62.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 18.75%. Stochastics %K at 85.44% indicates the stock is a selling.
How much short interest is there in JELD-WEN Holding Inc.?
A steep rise in short interest was recorded in JELD-WEN Holding Inc. stocks on Mar 15, 2024, dropping by -0.27 million shares to a total of 2.54 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 2.81 million shares. There was a decline of -10.63%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 5.65% of the overall stock float, the days-to-cover ratio (short ratio) fell to 5.09.
