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Insider Sale Alert: Jefferies Financial Group Inc [JEF] – Is it Time to sell?

Jefferies Financial Group Inc’s recently made public that its CEO HANDLER RICHARD B unloaded Company’s shares for reported $65.25 million on Apr 24 ’24. In the deal valued at $43.50 per share,1,500,000 shares were sold. As a result of this transaction, HANDLER RICHARD B now holds 15,314,150 shares worth roughly $686.99 million.

Then, STEINBERG JOSEPH S sold 134,217 shares, generating $4,803,224 in total proceeds. Upon selling the shares at $35.79, the Chairman of the Board now owns 15,744,184 shares.

Before that, STEINBERG JOSEPH S sold 346,984 shares. Jefferies Financial Group Inc shares valued at $12,379,695 were divested by the Chairman of the Board at a price of $35.68 per share. As a result of the transaction, STEINBERG JOSEPH S now holds 15,878,401 shares, worth roughly $712.31 million.

Goldman upgraded its Jefferies Financial Group Inc [JEF] rating to a Buy from a a Neutral in a research note published on August 22, 2023; the price target was increased to $40 from $37. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in mid July from “an Underweight” to “an Equal-weight”. Morgan Stanley also remained covering JEF and has decreased its forecast on April 12, 2023 with a “an Underweight” recommendation from previously “an Equal-weight” rating. Goldman revised its rating on January 11, 2023. It rated JEF as “a Neutral” which previously was an “a Buy”.

Price Performance Review of JEF

On Friday, Jefferies Financial Group Inc [NYSE:JEF] saw its stock jump 2.16% to $44.86. Over the last five days, the stock has gained 2.98%. Jefferies Financial Group Inc shares have risen nearly 11.01% since the year began. Nevertheless, the stocks have risen 47.91% over the past one year. While a 52-week high of $47.39 was reached on 03/28/24, a 52-week low of $28.81 was recorded on 01/18/24. SMA at 50 days reached $43.33, while 200 days put it at $38.47. A total of 0.7 million shares were traded, compared to the trading of 0.79 million shares in the previous session.

Levels Of Support And Resistance For JEF Stock

The 24-hour chart illustrates a support level at 44.42, which if violated will result in even more drops to 43.97. On the upside, there is a resistance level at 45.11. A further resistance level may holdings at 45.35. The Relative Strength Index (RSI) on the 14-day chart is 60.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.83, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 1.19%. Stochastics %K at 81.07% indicates the stock is a selling.

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