Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Jackson Financial Inc shares valued at $194,845 were purchased by Kirkland Derek G on Mar 04 ’24. At $55.67 per share, Kirkland Derek G acquired 3,500 shares. The insider’s holdings grew to 37,726 shares worth approximately $2.47 million following the completion of this transaction.
Also, Romine Scott sold 5,000 shares, netting a total of over 254,850 in proceeds. Following the sale of shares at $50.97 each, the insider now holds 67,429 shares.
Before that, Romine Scott had sold 5,000 shares from its account. In a trade valued at $198,350, the President and CEO, JNLD traded Jackson Financial Inc shares for $39.67 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $4.75 million.
As published in a research note from Keefe Bruyette on February 28, 2024, Jackson Financial Inc [JXN] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $68 from $49. Analysts at Jefferies downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early January. As of January 26, 2022, Jefferies has initiated its “Buy” rating for JXN. Earlier on December 07, 2021, Morgan Stanley downgraded its rating. Their new recommendation was “an Equal-weight” for JXN stock which previously was a “an Overweight”.
Analyzing JXN Stock Performance
During the last five days, there has been a drop of approximately -2.86%. Over the course of the year, Jackson Financial Inc shares have jumped approximately 28.07%. Shares of the company reached a 52-week high of $68.97 on 04/04/24 and a 52-week low of $47.49 on 01/17/24. A 50-day SMA is recorded $57.89, while a 200-day SMA reached $44.82. Nevertheless, trading volume fell to 0.71 million shares from 0.45 million shares the previous day.
Support And Resistance Levels for Jackson Financial Inc (JXN)
According to the 24-hour chart, there is a support level at 64.39, which, if violated, would cause prices to drop to 63.22. In the upper region, resistance lies at 66.84. The next price resistance is at 68.12. RSI (Relative Strength Index) is 62.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.15, which suggests the price will decrease in the coming days. Percent R is at 67.76%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Jackson Financial Inc subject to short interest?
Stocks of Jackson Financial Inc saw a sharp steep in short interest on Mar 15, 2024 dropping by 100000.0 shares to 3.55 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 3.65 million shares. A decline of -2.82% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.63 of the overall float, the days-to-cover ratio (short ratio) decline to 2.63.
