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Checking in on Jacobs Solutions Inc (J) after recent insiders movement

Jacobs Solutions Inc’s filing revealed that its Officer ALLEN WILLIAM B JR acquired Company’s shares for reported $0.21 million on Aug 16 ’24. In the deal valued at $146.51 per share,1,451 shares were bought.

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Then, DEMETRIOU STEVEN J. sold 7,000 shares, generating $1,028,160 in total proceeds. Upon selling the shares at $146.88, the EXECUTIVE CHAIR now owns 527,138 shares.

Before that, DEMETRIOU STEVEN J. bought 7,000 shares. Jacobs Solutions Inc shares valued at $1,028,160 were divested by the Director at a price of $146.88 per share.

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 jump 0.19% to $146.91. Over the last five days, the stock has gained 2.38%. Jacobs Solutions Inc shares have risen nearly 13.18% since the year began. Nevertheless, the stocks have risen 8.66% 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 $142.43, while 200 days put it at $139.56.

Levels Of Support And Resistance For J Stock

The 24-hour chart illustrates a support level at 146.28, which if violated will result in even more drops to 145.65. On the upside, there is a resistance level at 147.58. A further resistance level may holdings at 148.25. The Relative Strength Index (RSI) on the 14-day chart is 58.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.49, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.74%. Stochastics%K at 80.42% indicates the stock is a selling.

How much short interest is there in Jacobs Solutions Inc?

A steep rise in short interest was recorded in Jacobs Solutions Inc stocks on 2024-07-31, growing by 0.18 million shares to a total of 1.61 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 1.43 million shares. There was a rise of 10.91%, which implies that there is a positive sentiment for the stock.

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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