Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Janus International Group Inc shares valued at $1,929,425 were sold by Jackson Ramey Pierce on Feb 16 ’24. At $15.44 per share, Jackson Ramey Pierce sold 125,000 shares. The insider’s holdings dropped to 439,510 shares worth approximately $6.18 million following the completion of this transaction.
Also, Hodges Morgan sold 150,000 shares, netting a total of over 2,288,745 in proceeds. Following the sale of shares at $15.26 each, the insider now holds 203,865 shares.
Before that, Jackson Ramey Pierce had sold 100,000 shares from its account. In a trade valued at $1,526,000, the Chief Executive Officer traded Janus International Group Inc shares for $15.26 each. Upon closing the transaction, the insider’s holdings decreased to 100,000 shares, worth approximately $7.93 million.
As published in their initiating research note from Jefferies on April 15, 2024, Janus International Group Inc [JBI] has been a Buy and the price target has been revised to $20. Analysts at Wolfe Research started covering the stock with ‘”an Outperform”‘ outlook in a report released in late July. As of September 06, 2022, CJS Securities has initiated its “Market outperform” rating for JBI. Earlier on January 26, 2022, The Benchmark Company initiated its rating. Their recommendation was “a Buy” for JBI stock.
Analyzing JBI Stock Performance
During the last five days, there has been a drop of approximately -6.77%. Over the course of the year, Janus International Group Inc shares have jumped approximately 7.66%. Shares of the company reached a 52-week high of $15.86 on 02/16/24 and a 52-week low of $13.03 on 01/02/24. A 50-day SMA is recorded $14.73, while a 200-day SMA reached $12.42. Nevertheless, trading volume fell to 1.41 million shares from 1.63 million shares the previous day.
Support And Resistance Levels for Janus International Group Inc (JBI)
According to the 24-hour chart, there is a support level at 13.90, which, if violated, would cause prices to drop to 13.76. In the upper region, resistance lies at 14.33. The next price resistance is at 14.61. RSI (Relative Strength Index) is 40.37 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.23, which suggests the price will decrease in the coming days. Percent R is at 98.11%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
