Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Juniper Networks Inc shares valued at $205,875 were sold by rahim rami on Apr 05 ’24. At $37.06 per share, rahim rami sold 5,555 shares. The insider’s holdings dropped to 1,003,429 shares worth approximately $37.1 million following the completion of this transaction.
Also, rahim rami sold 5,555 shares, netting a total of over 205,694 in proceeds. Following the sale of shares at $37.03 each, the insider now holds 1,008,984 shares.
Before that, rahim rami had sold 5,555 shares from its account. In a trade valued at $205,737, the Chief Executive Officer traded Juniper Networks Inc shares for $37.04 each. Upon closing the transaction, the insider’s holdings decreased to 5,555 shares, worth approximately $37.51 million.
As published in a research note from JP Morgan on October 10, 2023, Juniper Networks Inc [JNPR] has been rated down from an Overweight to a Neutral and the price target has been revised to $29 from $32. Analysts at Raymond James downgraded the stock from ‘”a Strong buy”‘ to ‘”an Outperform”‘ outlook in a report released in late July. As of July 20, 2023, Exane BNP Paribas has initiated its “Neutral” rating for JNPR. Earlier on June 30, 2023, Citigroup initiated its rating. Their recommendation was “a Buy” for JNPR stock.
Analyzing JNPR Stock Performance
During the last five days, there has been a drop of approximately -0.22%. Over the course of the year, Juniper Networks Inc shares have jumped approximately 25.41%. Shares of the company reached a 52-week high of $38.04 on 01/12/24 and a 52-week low of $29.13 on 01/02/24. A 50-day SMA is recorded $37.02, while a 200-day SMA reached $31.11. Nevertheless, trading volume fell to 3.28 million shares from 2.16 million shares the previous day.
Support And Resistance Levels for Juniper Networks Inc (JNPR)
According to the 24-hour chart, there is a support level at 36.85, which, if violated, would cause prices to drop to 36.72. In the upper region, resistance lies at 37.10. The next price resistance is at 37.23. RSI (Relative Strength Index) is 50.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.04, which suggests the price will decrease in the coming days. Percent R is at 62.74%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Juniper Networks Inc subject to short interest?
Stocks of Juniper Networks Inc saw a sharp rise in short interest on Mar 28, 2024 jumping by 1.27 million shares to 12.62 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 11.35 million shares. A jump of 10.06% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.11 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.11.
