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Loop Capital initates JELD-WEN Holding Inc. (JELD) rating to a Hold

In a filing, JELD-WEN Holding Inc. revealed its 10% Owner Turtle Creek Asset Management unloaded Company’s shares for reported $1.07 million on Feb 12 ’24. In the deal valued at $19.84 per share,54,000 shares were sold. As a result of this transaction, Turtle Creek Asset Management now holds 760,463 shares worth roughly $9.72 million.

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Then, Turtle Creek Asset Management sold 53,000 shares, generating $1,036,150 in total proceeds. Upon selling the shares at $19.55, the 10% Owner now owns 814,463 shares.

Loop Capital initiated its JELD-WEN Holding Inc. [JELD] rating to a Hold in a research note published on February 15, 2024; the price target was $22. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in mid January with a ‘”a Perform”‘ rating. JP Morgan also remained covering JELD and has increased its forecast on December 20, 2022 with a “Neutral” recommendation from previously “an Underweight” rating. Wolfe Research revised its rating on November 08, 2022. It rated JELD as “an Underperform” which previously was an “a Peer perform”.

Price Performance Review of JELD

On Friday, JELD-WEN Holding Inc. [NYSE:JELD] saw its stock fall -2.74% to $12.78. Over the last five days, the stock has lost -1.92%. JELD-WEN Holding Inc. shares have fallen nearly -32.31% since the year began. Nevertheless, the stocks have fallen -23.34% over the past one year. While a 52-week high of $21.75 was reached on 04/26/24, a 52-week low of $11.02 was recorded on 06/25/24. SMA at 50 days reached $15.37, while 200 days put it at $16.50. A total of 0.5 million shares were traded, compared to the trading of 0.32 million shares in the previous session.

Levels Of Support And Resistance For JELD Stock

The 24-hour chart illustrates a support level at 12.59, which if violated will result in even more drops to 12.40. On the upside, there is a resistance level at 13.09. A further resistance level may holdings at 13.39. The Relative Strength Index (RSI) on the 14-day chart is 34.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.10%. Stochastics%K at 29.44% indicates the stock is a holding.

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