New Jersey Resources Corporation’s recent filing unveils that its Director KENNY JANE M unloaded Company’s shares for reported $0.35 million on Jun 14 ’24. In the deal valued at $42.20 per share,8,300 shares were sold. As a result of this transaction, KENNY JANE M now holds 23,259 shares worth roughly $0.99 million.
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Then, KENNY JANE M sold 0 shares, generating $7 in total proceeds. Upon selling the shares at $42.44, the Director now owns 31,559 shares.
Before that, Westhoven Stephen D sold 20,000 shares. New Jersey Resources Corporation shares valued at $856,424 were divested by the President & CEO at a price of $42.82 per share. As a result of the transaction, Westhoven Stephen D now holds 198,705 shares, worth roughly $8.48 million.
JP Morgan upgraded its New Jersey Resources Corporation [NJR] rating to a Neutral from a an Underweight in a research note published on September 21, 2023; the price target was increased to $46 from $44. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in early September from “a Neutral” to “an Underweight”. Mizuho also remained covering NJR and has decreased its forecast on January 05, 2022 with a “Neutral” recommendation from previously “Buy” rating. BofA Securities revised its rating on June 25, 2021. It rated NJR as “an Underperform” which previously was an “a Neutral”.
Price Performance Review of NJR
On Tuesday, New Jersey Resources Corporation [NYSE:NJR] saw its stock jump 0.38% to $42.68. Over the last five days, the stock has gained 0.92%. New Jersey Resources Corporation shares have fallen nearly -4.26% since the year began. Nevertheless, the stocks have fallen -9.58% over the past one year. While a 52-week high of $47.63 was reached on 01/03/24, a 52-week low of $38.92 was recorded on 02/05/24. SMA at 50 days reached $43.34, while 200 days put it at $42.61. A total of 0.41 million shares were traded, compared to the trading of 2.94 million shares in the previous session.
Levels Of Support And Resistance For NJR Stock
The 24-hour chart illustrates a support level at 42.35, which if violated will result in even more drops to 42.01. On the upside, there is a resistance level at 42.96. A further resistance level may holdings at 43.23. The Relative Strength Index (RSI) on the 14-day chart is 48.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.96%. Stochastics%K at 46.41% indicates the stock is a holding.
The most recent change occurred on May 03, 2021 when JP Morgan began covering the stock and recommended ‘”a Neutral”‘ rating along with a $43 price target.
