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Insider Selling: rahim rami, Juniper Networks Inc [JNPR] Chief Executive Officer divested 5,555 shares

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Juniper Networks Inc shares valued at $205,875 were sold by rahim rami on Apr 05 ’24. At $37.06 per share, rahim rami sold 5,555 shares. The insider’s holdings dropped to 1,003,429 shares worth approximately $35.01 million following the completion of this transaction.

Also, rahim rami sold 5,555 shares, netting a total of over 205,694 in proceeds. Following the sale of shares at $37.03 each, the insider now holds 1,008,984 shares.

Before that, rahim rami had sold 5,555 shares from its account. In a trade valued at $205,737, the Chief Executive Officer traded Juniper Networks Inc shares for $37.04 each. Upon closing the transaction, the insider’s holdings decreased to 5,555 shares, worth approximately $35.4 million.

As published in a research note from JP Morgan on October 10, 2023, Juniper Networks Inc [JNPR] has been rated down from an Overweight to a Neutral and the price target has been revised to $29 from $32. Analysts at Raymond James downgraded the stock from ‘”a Strong buy”‘ to ‘”an Outperform”‘ outlook in a report released in late July. As of July 20, 2023, Exane BNP Paribas has initiated its “Neutral” rating for JNPR. Earlier on June 30, 2023, Citigroup initiated its rating. Their recommendation was “a Buy” for JNPR stock.

Analyzing JNPR Stock Performance

During the last five days, there has been a drop of approximately -1.33%. Over the course of the year, Juniper Networks Inc shares have jumped approximately 18.35%. Shares of the company reached a 52-week high of $38.04 on 01/12/24 and a 52-week low of $29.13 on 01/02/24. A 50-day SMA is recorded $36.67, while a 200-day SMA reached $31.49. Nevertheless, trading volume fell to 2.67 million shares from 2.35 million shares the previous day.

Support And Resistance Levels for Juniper Networks Inc (JNPR)

According to the 24-hour chart, there is a support level at 34.76, which, if violated, would cause prices to drop to 34.63. In the upper region, resistance lies at 35.01. The next price resistance is at 35.12. RSI (Relative Strength Index) is 28.28 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.77, which suggests the price will decrease in the coming days. Percent R is at 83.61%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

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