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Analyzing Jackson Financial Inc (JXN) After Recent Trading Activity

Jackson Financial Inc’s recently made public that its President and CEO, JNLD Romine Scott unloaded Company’s shares for reported $0.37 million on May 14 ’24. In the deal valued at $74.86 per share,5,000 shares were sold. As a result of this transaction, Romine Scott now holds 90,359 shares worth roughly $7.05 million.

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Then, Ganguly Devkumar Dilip sold 13,000 shares, generating $983,710 in total proceeds. Upon selling the shares at $75.67, the EVP & Chief Operating Officer now owns 93,405 shares.

Before that, Kirkland Derek G bought 3,500 shares. Jackson Financial Inc shares valued at $194,845 were divested by the Director at a price of $55.67 per share. As a result of the transaction, Kirkland Derek G now holds 37,726 shares, worth roughly $2.94 million.

Keefe Bruyette downgraded its Jackson Financial Inc [JXN] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who increased its forecast for the stock in late February from “a Mkt perform” to “an Outperform”. Jefferies also remained covering JXN and has decreased its forecast on January 02, 2024 with a “Hold” recommendation from previously “Buy” rating. Jefferies started covering the stock on January 26, 2022. It rated JXN as “a Buy”.

Price Performance Review of JXN

On Friday, Jackson Financial Inc [NYSE:JXN] saw its stock jump 0.50% to $78.00. Over the last five days, the stock has gained 0.04%. Jackson Financial Inc shares have risen nearly 52.34% since the year began. Nevertheless, the stocks have risen 168.97% over the past one year. While a 52-week high of $81.52 was reached on 05/09/24, a 52-week low of $27.24 was recorded on 01/17/24. SMA at 50 days reached $69.13, while 200 days put it at $51.13. A total of 0.44 million shares were traded, compared to the trading of 0.46 million shares in the previous session.

Levels Of Support And Resistance For JXN Stock

The 24-hour chart illustrates a support level at 77.32, which if violated will result in even more drops to 76.64. On the upside, there is a resistance level at 78.68. A further resistance level may holdings at 79.36. The Relative Strength Index (RSI) on the 14-day chart is 68.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.40, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 36.48%. Stochastics %K at 63.73% indicates the stock is a holding.

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