The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Janus Henderson Group plc shares valued at $58,464 were sold by Hughes Brennan A. on Mar 06 ’24. At $32.27 per share, Hughes Brennan A. sold 1,812 shares. The insider’s holdings dropped to 3,535 shares worth approximately $0.11 million following the completion of this transaction.
Also, FOGO GEORGINA sold 3,029 shares, netting a total of over 94,120 in proceeds. Following the sale of shares at $31.07 each, the insider now holds 124,230 shares.
Before that, THOMPSON ROGER MJ had sold 2,806 shares from its account. In a trade valued at $87,191, the CHIEF FINANCIAL OFFICER traded Janus Henderson Group plc shares for $31.07 each. Upon closing the transaction, the insider’s holdings decreased to 2,806 shares, worth approximately $4.66 million.
As published in a research note from JP Morgan on February 02, 2024, Janus Henderson Group plc [JHG] has been rated up from an Underweight to a Neutral and the price target has been revised to $31 from $28. Analysts at UBS started covering the stock with ‘”a Sell”‘ outlook in a report released in early January. As of January 04, 2024, TD Cowen has initiated its “Market perform” rating for JHG. Earlier on November 06, 2023, CLSA upgraded its rating. Their new recommendation was “an Outperform” for JHG stock which previously was a “an Underperform”.
Analyzing JHG Stock Performance
During the last five days, there has been a drop of approximately -0.59%. Over the course of the year, Janus Henderson Group plc shares have jumped approximately 6.43%. Shares of the company reached a 52-week high of $33.25 on 04/09/24 and a 52-week low of $28.19 on 01/17/24. A 50-day SMA is recorded $31.46, while a 200-day SMA reached $28.08. Nevertheless, trading volume fell to 0.8 million shares from 0.71 million shares the previous day.
Support And Resistance Levels for Janus Henderson Group plc (JHG)
According to the 24-hour chart, there is a support level at 31.88, which, if violated, would cause prices to drop to 31.67. In the upper region, resistance lies at 32.35. The next price resistance is at 32.62. RSI (Relative Strength Index) is 50.46 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.01, which suggests the price will decrease in the coming days. Percent R is at 74.27%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Janus Henderson Group plc subject to short interest?
Stocks of Janus Henderson Group plc saw a sharp steep in short interest on Mar 15, 2024 dropping by -0.3 million shares to 1.77 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 2.07 million shares. A decline of -16.95% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.4 of the overall float, the days-to-cover ratio (short ratio) decline to 1.4.
