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Recent Insider Activity Suggests Potential Gains for J&J Snack Foods Corp. (JJSF)

J&J Snack Foods Corp.’s recent filing unveils that its Director Roshkoff Marjorie Shreiber unloaded Company’s shares for reported $92334.0 on Feb 15 ’24. In the deal valued at $147.73 per share,625 shares were sold. As a result of this transaction, Roshkoff Marjorie Shreiber now holds 69,459 shares worth roughly $11.15 million.

Then, FACHNER DAN sold 11,580 shares, generating $1,908,375 in total proceeds. Upon selling the shares at $164.80, the Chairman, President & CEO now owns 29,780 shares.

Before that, FACHNER DAN sold 20 shares. J&J Snack Foods Corp. shares valued at $3,307 were divested by the Chairman, President & CEO at a price of $165.34 per share. As a result of the transaction, FACHNER DAN now holds 29,780 shares, worth roughly $4.78 million.

The Benchmark Company initiated its J&J Snack Foods Corp. [JJSF] rating to a Buy in a research note published on December 08, 2021; the price target was $171. A number of analysts have revised their coverage, including CL King’s analysts, who increased its forecast for the stock in mid May from “a Neutral” to “a Buy”. Jefferies began covering JJSF with “Hold” recommendation on January 23, 2020. Consumer Edge Research revised its rating on August 09, 2019. It rated JJSF as “an Overweight” which previously was an “an Equal weight”.

Price Performance Review of JJSF

On Tuesday, J&J Snack Foods Corp. [NASDAQ:JJSF] saw its stock jump 16.37% to $160.47. Over the last five days, the stock has gained 16.88%. J&J Snack Foods Corp. shares have fallen nearly -3.99% since the year began. Nevertheless, the stocks have fallen -1.43% over the past one year. While a 52-week high of $177.71 was reached on 01/03/24, a 52-week low of $133.23 was recorded on 04/16/24. SMA at 50 days reached $140.57, while 200 days put it at $156.65. A total of 0.29 million shares were traded, compared to the trading of 81700.0 shares in the previous session.

Levels Of Support And Resistance For JJSF Stock

The 24-hour chart illustrates a support level at 149.96, which if violated will result in even more drops to 139.46. On the upside, there is a resistance level at 166.01. A further resistance level may holdings at 171.56. The Relative Strength Index (RSI) on the 14-day chart is 81.96, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.62, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.12%. Stochastics %K at 84.24% indicates the stock is a selling.

The most recent change occurred on March 28, 2018 when KeyBanc Capital Mkts began covering the stock and recommended ‘”a Sector weight”‘ rating.

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