Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Juniper Networks Inc shares valued at $197,174 were sold by rahim rami on Jun 06 ’24. At $35.49 per share, rahim rami sold 5,555 shares. The insider’s holdings dropped to 970,099 shares worth approximately $34.93 million following the completion of this transaction.
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Also, rahim rami sold 5,555 shares, netting a total of over 196,144 in proceeds. Following the sale of shares at $35.31 each, the insider now holds 975,654 shares.
Before that, rahim rami had sold 5,555 shares from its account. In a trade valued at $195,381, the Chief Executive Officer traded Juniper Networks Inc shares for $35.17 each. Upon closing the transaction, the insider’s holdings decreased to 5,555 shares, worth approximately $35.33 million.
As published in a research note from Argus on June 18, 2024, Juniper Networks Inc [JNPR] has been rated up from a Hold to a Buy. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in early October. As of July 24, 2023, Raymond James has decreased its “Strong buy” rating to a “an Outperform” for JNPR. Earlier on July 20, 2023, Exane BNP Paribas initiated its rating. Their recommendation was “a Neutral” for JNPR stock.
Analyzing JNPR Stock Performance
During the last five days, there has been a surge of approximately 1.64%. Over the course of the year, Juniper Networks Inc shares have jumped approximately 22.15%. Shares of the company reached a 52-week high of $38.04 on 01/12/24 and a 52-week low of $29.13 on 01/02/24. A 50-day SMA is recorded $35.17, while a 200-day SMA reached $32.76. Nevertheless, trading volume fell to 1.54 million shares from 2.78 million shares the previous day.
Support And Resistance Levels for Juniper Networks Inc (JNPR)
According to the 24-hour chart, there is a support level at 35.79, which, if violated, would cause prices to drop to 35.56. In the upper region, resistance lies at 36.13. The next price resistance is at 36.24. RSI (Relative Strength Index) is 64.79 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.17, which suggests the price will decrease in the coming days. Percent R is at 1.14%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
