In a filing, Jabil Inc revealed its Chief Executive Officer Wilson Kenneth S unloaded Company’s shares for reported $2.01 million on Apr 15 ’24. In the deal valued at $134.20 per share,15,000 shares were sold. As a result of this transaction, Wilson Kenneth S now holds 339,725 shares worth roughly $40.34 million.
Then, Schick Gary K. sold 798 shares, generating $108,967 in total proceeds. Upon selling the shares at $136.55, the SVP, CHRO now owns 20,630 shares.
Before that, Yap May Yee sold 7,877 shares. Jabil Inc shares valued at $1,100,023 were divested by the SVP, Chief Information Officer at a price of $139.65 per share. As a result of the transaction, Yap May Yee now holds 29,006 shares, worth roughly $3.44 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 -8.36% to $118.75. Over the last five days, the stock has lost -11.43%. Jabil Inc shares have fallen nearly -6.79% since the year began. Nevertheless, the stocks have risen 45.33% 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 04/19/24. SMA at 50 days reached $138.08, while 200 days put it at $124.48. A total of 3.27 million shares were traded, compared to the trading of 0.66 million shares in the previous session.
Levels Of Support And Resistance For JBL Stock
The 24-hour chart illustrates a support level at 115.00, which if violated will result in even more drops to 111.26. On the upside, there is a resistance level at 125.05. A further resistance level may holdings at 131.36. The Relative Strength Index (RSI) on the 14-day chart is 28.66, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.93, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.02%. Stochastics %K at 4.39% indicates the stock is a buying.
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.
