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The Potential Rise in the Price of Juniper Networks Inc (JNPR) following insiders activity

In a filing, Juniper Networks Inc revealed its EVP CFO Miller Kenneth Bradley unloaded Company’s shares for reported $1.05 million on Jul 03 ’24. In the deal valued at $36.53 per share,28,669 shares were sold. As a result of this transaction, Miller Kenneth Bradley now holds 56,107 shares worth roughly $2.11 million.

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Then, Miller Kenneth Bradley sold 40,000 shares, generating $1,466,980 in total proceeds. Upon selling the shares at $36.67, the EVP CFO now owns 84,776 shares.

Before that, Miller Kenneth Bradley sold 40,000 shares. Juniper Networks Inc shares valued at $1,460,084 were divested by the EVP CFO at a price of $36.50 per share. As a result of the transaction, Miller Kenneth Bradley now holds 124,776 shares, worth roughly $4.7 million.

Argus upgraded its Juniper Networks Inc [JNPR] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in early October from “an Overweight” to “a Neutral”. Raymond James also remained covering JNPR and has decreased its forecast on July 24, 2023 with a “an Outperform” recommendation from previously “Strong buy” rating. Exane BNP Paribas started covering the stock on July 20, 2023. It rated JNPR as “a Neutral”.

Price Performance Review of JNPR

On Monday, Juniper Networks Inc [NYSE:JNPR] saw its stock jump 1.05% to $37.64. Over the last five days, the stock has gained 1.05%. Juniper Networks Inc shares have risen nearly 27.68% since the year began. Nevertheless, the stocks have risen 26.78% over the past one year. While a 52-week high of $38.04 was reached on 01/12/24, a 52-week low of $24.87 was recorded on 01/02/24. SMA at 50 days reached $35.99, while 200 days put it at $33.74. A total of 1.83 million shares were traded, compared to the trading of 2.44 million shares in the previous session.

Levels Of Support And Resistance For JNPR Stock

The 24-hour chart illustrates a support level at 37.46, which if violated will result in even more drops to 37.28. On the upside, there is a resistance level at 37.77. A further resistance level may holdings at 37.90. The Relative Strength Index (RSI) on the 14-day chart is 66.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 8.21%. Stochastics%K at 76.64% indicates the stock is a holding.

The most recent change occurred on June 30, 2023 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $38 price target.

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