Jabil Inc’s recently made public that its SVP, CHRO Schick Gary K. unloaded Company’s shares for reported $0.11 million on Apr 09 ’24. In the deal valued at $136.55 per share,798 shares were sold. As a result of this transaction, Schick Gary K. now holds 20,630 shares worth roughly $2.77 million.
Then, Yap May Yee sold 7,877 shares, generating $1,100,023 in total proceeds. Upon selling the shares at $139.65, the SVP, Chief Information Officer now owns 29,006 shares.
Before that, Creadon Gerald sold 3,000 shares. Jabil Inc shares valued at $406,850 were divested by the EVP, Operations at a price of $135.62 per share. As a result of the transaction, Creadon Gerald now holds 65,434 shares, worth roughly $8.77 million.
Argus downgraded its Jabil Inc [JBL] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who remained covering the stock and in mid January has reiterated a ‘”an Overweight”‘ rating for it. Barclays began covering JBL with “an Overweight” recommendation on September 07, 2023.
Price Performance Review of JBL
On Friday, Jabil Inc [NYSE:JBL] saw its stock fall -2.86% to $134.07. Over the last five days, the stock has lost -4.56%. Jabil Inc shares have risen nearly 5.24% since the year began. Nevertheless, the stocks have risen 60.68% over the past one year. While a 52-week high of $156.94 was reached on 03/08/24, a 52-week low of $75.48 was recorded on 01/17/24. SMA at 50 days reached $138.31, while 200 days put it at $123.95. A total of 1.01 million shares were traded, compared to the trading of 0.79 million shares in the previous session.
Levels Of Support And Resistance For JBL Stock
The 24-hour chart illustrates a support level at 132.59, which if violated will result in even more drops to 131.10. On the upside, there is a resistance level at 136.67. A further resistance level may holdings at 139.26. The Relative Strength Index (RSI) on the 14-day chart is 46.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.54%. Stochastics %K at 55.44% indicates the stock is a holding.
The most recent change occurred on December 13, 2022 when UBS began covering the stock and recommended ‘”a Neutral”‘ rating along with a $76 price target.
