Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Jefferies Financial Group Inc shares valued at $65,250,900 were sold by HANDLER RICHARD B on Apr 24 ’24. At $43.50 per share, HANDLER RICHARD B sold 1,500,000 shares. The insider’s holdings dropped to 15,314,150 shares worth approximately $683.01 million following the completion of this transaction.
Also, STEINBERG JOSEPH S sold 134,217 shares, netting a total of over 4,803,224 in proceeds. Following the sale of shares at $35.79 each, the insider now holds 15,744,184 shares.
Before that, STEINBERG JOSEPH S had sold 346,984 shares from its account. In a trade valued at $12,379,695, the Chairman of the Board traded Jefferies Financial Group Inc shares for $35.68 each. Upon closing the transaction, the insider’s holdings decreased to 346,984 shares, worth approximately $708.18 million.
As published in a research note from Goldman on August 22, 2023, Jefferies Financial Group Inc [JEF] has been rated up from a Neutral to a Buy and the price target has been revised to $40 from $37. Analysts at Morgan Stanley upgraded the stock from ‘”an Underweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in mid July. As of April 12, 2023, Morgan Stanley has decreased its “an Equal-weight” rating to a “an Underweight” for JEF. Earlier on January 11, 2023, Goldman downgraded its rating. Their new recommendation was “a Neutral” for JEF stock which previously was a “a Buy”.
Analyzing JEF Stock Performance
During the last five days, there has been a surge of approximately 8.28%. Over the course of the year, Jefferies Financial Group Inc shares have jumped approximately 10.37%. Shares of the company reached a 52-week high of $47.39 on 03/28/24 and a 52-week low of $38.77 on 01/18/24. A 50-day SMA is recorded $42.95, while a 200-day SMA reached $38.18. Nevertheless, trading volume fell to 2.45 million shares from 1.16 million shares the previous day.
Support And Resistance Levels for Jefferies Financial Group Inc (JEF)
According to the 24-hour chart, there is a support level at 43.85, which, if violated, would cause prices to drop to 43.09. In the upper region, resistance lies at 45.01. The next price resistance is at 45.41. RSI (Relative Strength Index) is 59.99 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.35, which suggests the price will increase in the coming days. Percent R is at 1.52%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
