Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Jacobs Solutions Inc shares valued at $1,007,020 were sold by DEMETRIOU STEVEN J. on May 01 ’24. At $143.86 per share, DEMETRIOU STEVEN J. sold 7,000 shares. The insider’s holdings dropped to 548,138 shares worth approximately $75.92 million following the completion of this transaction.
Also, Berryman Kevin C sold 1,500 shares, netting a total of over 217,965 in proceeds. Following the sale of shares at $145.31 each, the insider now holds 231,604 shares.
Before that, DEMETRIOU STEVEN J. had sold 7,000 shares from its account. In a trade valued at $1,072,400, the EXECUTIVE CHAIR traded Jacobs Solutions Inc shares for $153.20 each. Upon closing the transaction, the insider’s holdings decreased to 7,000 shares, worth approximately $76.89 million.
As published in a research note from William Blair on May 08, 2024, Jacobs Solutions Inc [J] has been rated down from an Outperform to a Mkt perform. Analysts at Truist started covering the stock with ‘”a Hold”‘ outlook in a report released in mid March. Earlier on November 22, 2023, Raymond James downgraded its rating. Their new recommendation was “a Mkt perform” for J stock which previously was a “an Outperform”.
Analyzing J Stock Performance
During the last five days, there has been a drop of approximately -3.27%. Over the course of the year, Jacobs Solutions Inc shares have jumped approximately 6.71%. Shares of the company reached a 52-week high of $154.50 on 03/28/24 and a 52-week low of $125.88 on 01/08/24. A 50-day SMA is recorded $147.03, while a 200-day SMA reached $136.86. Nevertheless, trading volume fell to 1.29 million shares from 1.09 million shares the previous day.
Support And Resistance Levels for Jacobs Solutions Inc (J)
According to the 24-hour chart, there is a support level at 136.98, which, if violated, would cause prices to drop to 135.45. In the upper region, resistance lies at 140.42. The next price resistance is at 142.33. RSI (Relative Strength Index) is 35.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.24, which suggests the price will decrease in the coming days. Percent R is at 91.54%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
