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Jefferies Financial Group Inc [JEF] stock for 7,649,433 USD was sold by FRIEDMAN BRIAN P

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Jefferies Financial Group Inc shares valued at $7,649,433 were sold by FRIEDMAN BRIAN P on May 14 ’24. At $46.25 per share, FRIEDMAN BRIAN P sold 165,396 shares. The insider’s holdings dropped to 2,425,954 shares worth approximately $124.84 million following the completion of this transaction.

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Also, FRIEDMAN BRIAN P sold 60,000 shares, netting a total of over 2,778,222 in proceeds. Following the sale of shares at $46.30 each, the insider now holds 496,780 shares.

Before that, FRIEDMAN BRIAN P had sold 55,000 shares from its account. In a trade valued at $2,546,704, the President traded Jefferies Financial Group Inc shares for $46.30 each. Upon closing the transaction, the insider’s holdings decreased to 55,000 shares, worth approximately $133.35 million.

As published in a research note from Goldman on August 22, 2023, Jefferies Financial Group Inc [JEF] has been rated up from a Neutral to a Buy and the price target has been revised to $40 from $37. Analysts at Morgan Stanley upgraded the stock from ‘”an Underweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in mid July. As of April 12, 2023, Morgan Stanley has decreased its “an Equal-weight” rating to a “an Underweight” for JEF. Earlier on January 11, 2023, Goldman downgraded its rating. Their new recommendation was “a Neutral” for JEF stock which previously was a “a Buy”.

Analyzing JEF Stock Performance

During the last five days, there has been a surge of approximately 11.83%. Over the course of the year, Jefferies Financial Group Inc shares have jumped approximately 27.33%. Shares of the company reached a 52-week high of $51.36 on 07/03/24 and a 52-week low of $38.77 on 01/18/24. A 50-day SMA is recorded $45.87, while a 200-day SMA reached $40.60. Nevertheless, trading volume fell to 1.1 million shares from 1.33 million shares the previous day.

Support And Resistance Levels for Jefferies Financial Group Inc (JEF)

According to the 24-hour chart, there is a support level at 50.79, which, if violated, would cause prices to drop to 50.54. In the upper region, resistance lies at 51.33. The next price resistance is at 51.62. RSI (Relative Strength Index) is 76.85 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.45, which suggests the price will increase in the coming days. Percent R is at 3.79%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

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