Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Jack In The Box, Inc. shares valued at $7,906 were sold by Piano Steven on May 13 ’24. At $53.42 per share, Piano Steven sold 148 shares. The insider’s holdings dropped to 9,112 shares worth approximately $0.48 million following the completion of this transaction.
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Also, MURPHY MICHAEL W sold 1,332 shares, netting a total of over 96,677 in proceeds. Following the sale of shares at $72.58 each, the insider now holds 71,035 shares.
Before that, Ostrom Ryan Lee had sold 328 shares from its account. In a trade valued at $24,948, the EVP, Chief Mktng&Digtl Officer traded Jack In The Box, Inc. shares for $76.06 each. Upon closing the transaction, the insider’s holdings decreased to 328 shares, worth approximately $0.95 million.
Analysts at Wedbush upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in mid March. As of January 29, 2024, Northcoast has increased its “Neutral” rating to a “Buy” for JACK. Earlier on October 19, 2023, Deutsche Bank initiated its rating. Their recommendation was “a Hold” for JACK stock.
Analyzing JACK Stock Performance
During the last five days, there has been a drop of approximately -4.02%. Over the course of the year, Jack In The Box, Inc. shares have dropped approximately -35.04%. Shares of the company reached a 52-week high of $86.20 on 01/05/24 and a 52-week low of $52.01 on 05/15/24. A 50-day SMA is recorded $60.42, while a 200-day SMA reached $70.78. Nevertheless, trading volume fell to 0.57 million shares from 0.55 million shares the previous day.
Support And Resistance Levels for Jack In The Box, Inc. (JACK)
According to the 24-hour chart, there is a support level at 52.50, which, if violated, would cause prices to drop to 51.97. In the upper region, resistance lies at 53.78. The next price resistance is at 54.54. RSI (Relative Strength Index) is 38.43 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.62, which suggests the price will decrease in the coming days. Percent R is at 85.57%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
