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Analyzing Jackson Financial Inc (JXN) After Recent Trading Activity

In a filing, Jackson Financial Inc revealed its Director Kirkland Derek G acquired Company’s shares for reported $0.19 million on Mar 04 ’24. In the deal valued at $55.67 per share,3,500 shares were bought. As a result of this transaction, Kirkland Derek G now holds 37,726 shares worth roughly $2.58 million.

Then, Romine Scott sold 5,000 shares, generating $254,850 in total proceeds. Upon selling the shares at $50.97, the President and CEO, JNLD now owns 67,429 shares.

Before that, Romine Scott sold 5,000 shares. Jackson Financial Inc shares valued at $198,350 were divested by the President and CEO, JNLD at a price of $39.67 per share. As a result of the transaction, Romine Scott now holds 72,435 shares, worth roughly $4.95 million.

Keefe Bruyette upgraded its Jackson Financial Inc [JXN] rating to an Outperform from a a Mkt perform in a research note published on February 28, 2024; the price target was increased to $68 from $49. A number of analysts have revised their coverage, including Jefferies’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “a Hold”. Jefferies began covering JXN with “Buy” recommendation on January 26, 2022. Morgan Stanley revised its rating on December 07, 2021. It rated JXN as “an Equal-weight” which previously was an “an Overweight”.

Price Performance Review of JXN

On Tuesday, Jackson Financial Inc [NYSE:JXN] saw its stock fall -2.23% to $68.32. Over the last five days, the stock has lost -1.74%. Jackson Financial Inc shares have risen nearly 33.44% since the year began. Nevertheless, the stocks have risen 89.73% over the past one year. While a 52-week high of $70.97 was reached on 04/24/24, a 52-week low of $26.70 was recorded on 01/17/24. SMA at 50 days reached $62.30, while 200 days put it at $47.33. A total of 0.56 million shares were traded, compared to the trading of 0.54 million shares in the previous session.

Levels Of Support And Resistance For JXN Stock

The 24-hour chart illustrates a support level at 67.74, which if violated will result in even more drops to 67.17. On the upside, there is a resistance level at 69.31. A further resistance level may holdings at 70.31. The Relative Strength Index (RSI) on the 14-day chart is 60.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.50, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 32.52%. Stochastics %K at 78.91% indicates the stock is a holding.

The most recent change occurred on December 03, 2021 when Goldman began covering the stock and recommended ‘”a Neutral”‘ rating along with a $40 price target.

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