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Jacobs Solutions Inc (J) gets rating Downgrade from William Blair

Jacobs Solutions Inc’s recently made public that its Director DEMETRIOU STEVEN J. acquired Company’s shares for reported $1.03 million on Aug 01 ’24. In the deal valued at $146.88 per share,7,000 shares were bought.

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Then, DEMETRIOU STEVEN J. sold 7,000 shares, generating $979,580 in total proceeds. Upon selling the shares at $139.94, the EXECUTIVE CHAIR now owns 534,138 shares.

Before that, DEMETRIOU STEVEN J. sold 7,000 shares. Jacobs Solutions Inc shares valued at $976,010 were divested by the EXECUTIVE CHAIR at a price of $139.43 per share. As a result of the transaction, DEMETRIOU STEVEN J. now holds 541,138 shares, worth roughly $76.97 million.

William Blair downgraded its Jacobs Solutions Inc [J] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Truist’s analysts, who began to cover the stock in mid March with a ‘”a Hold”‘ rating. Raymond James revised its rating on November 22, 2023. It rated J as “a Mkt perform” which previously was an “an Outperform”.

Price Performance Review of J

On Friday, Jacobs Solutions Inc [NYSE:J] saw its stock fall -1.74% to $142.24. Over the last five days, the stock has lost -2.56%. Jacobs Solutions Inc shares have risen nearly 9.58% since the year began. Nevertheless, the stocks have risen 11.58% over the past one year. While a 52-week high of $154.50 was reached on 03/28/24, a 52-week low of $120.71 was recorded on 01/08/24. SMA at 50 days reached $141.39, while 200 days put it at $139.07. A total of 0.58 million shares were traded, compared to the trading of 0.87 million shares in the previous session.

Levels Of Support And Resistance For J Stock

The 24-hour chart illustrates a support level at 141.01, which if violated will result in even more drops to 139.78. On the upside, there is a resistance level at 143.81. A further resistance level may holdings at 145.38. The Relative Strength Index (RSI) on the 14-day chart is 45.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.52, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.92%. Stochastics%K at 24.15% indicates the stock is a holding.

The most recent change occurred on September 15, 2023 when HSBC Securities began covering the stock and recommended ‘”a Hold”‘ rating along with a $149 price target.

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