Jack In The Box, Inc.’s recently made public that its Director MURPHY MICHAEL W unloaded Company’s shares for reported $96677.0 on Mar 13 ’24. In the deal valued at $72.58 per share,1,332 shares were sold. As a result of this transaction, MURPHY MICHAEL W now holds 71,035 shares worth roughly $4.24 million.
Then, Ostrom Ryan Lee sold 328 shares, generating $24,948 in total proceeds. Upon selling the shares at $76.06, the EVP, Chief Mktng&Digtl Officer now owns 17,946 shares.
Before that, HOOPER DAWN E sold 223 shares. Jack In The Box, Inc. shares valued at $17,066 were divested by the SVP, Controller at a price of $76.53 per share. As a result of the transaction, HOOPER DAWN E now holds 6,149 shares, worth roughly $0.37 million.
Wedbush upgraded its Jack In The Box, Inc. [JACK] rating to an Outperform from a a Neutral in a research note published on March 14, 2024; the price target was increased to $88 from $79. A number of analysts have revised their coverage, including Northcoast’s analysts, who increased its forecast for the stock in late January from “a Neutral” to “a Buy”. Deutsche Bank began covering JACK with “Hold” recommendation on October 19, 2023.
Price Performance Review of JACK
On Friday, Jack In The Box, Inc. [NASDAQ:JACK] saw its stock jump 2.54% to $59.64. Over the last five days, the stock has gained 0.15%. Jack In The Box, Inc. shares have fallen nearly -26.94% since the year began. Nevertheless, the stocks have fallen -31.07% over the past one year. While a 52-week high of $99.56 was reached on 01/05/24, a 52-week low of $58.10 was recorded on 04/19/24. SMA at 50 days reached $69.33, while 200 days put it at $75.71. A total of 0.66 million shares were traded, compared to the trading of 0.47 million shares in the previous session.
Levels Of Support And Resistance For JACK Stock
The 24-hour chart illustrates a support level at 58.30, which if violated will result in even more drops to 56.96. On the upside, there is a resistance level at 60.42. A further resistance level may holdings at 61.20. The Relative Strength Index (RSI) on the 14-day chart is 33.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.44%. Stochastics %K at 7.64% indicates the stock is a buying.
The most recent change occurred on July 17, 2023 when Morgan Stanley resumed its ‘”an Equal-weight”‘ rating for the stock and retained the price target to $102.
