In a filing, New Jersey Resources Corporation revealed its President & CEO Westhoven Stephen D unloaded Company’s shares for reported $1.2 million on Jul 16 ’24. In the deal valued at $45.06 per share,26,600 shares were sold. As a result of this transaction, Westhoven Stephen D now holds 168,705 shares worth roughly $7.65 million.
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Then, Westhoven Stephen D sold 3,400 shares, generating $153,000 in total proceeds. Upon selling the shares at $45.00, the President & CEO now owns 195,305 shares.
Before that, KENNY JANE M sold 8,300 shares. New Jersey Resources Corporation shares valued at $350,260 were divested by the Director at a price of $42.20 per share. As a result of the transaction, KENNY JANE M now holds 23,259 shares, worth roughly $1.06 million.
JP Morgan upgraded its New Jersey Resources Corporation [NJR] rating to a Neutral from a an Underweight in a research note published on September 21, 2023; the price target was increased to $46 from $44. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in early September from “a Neutral” to “an Underweight”. Mizuho also remained covering NJR and has decreased its forecast on January 05, 2022 with a “Neutral” recommendation from previously “Buy” rating. BofA Securities revised its rating on June 25, 2021. It rated NJR as “an Underperform” which previously was an “a Neutral”.
Price Performance Review of NJR
On Monday, New Jersey Resources Corporation [NYSE:NJR] saw its stock fall -0.02% to $45.36. Over the last five days, the stock has gained 2.81%. New Jersey Resources Corporation shares have risen nearly 1.75% since the year began. Nevertheless, the stocks have risen 5.15% over the past one year. While a 52-week high of $47.37 was reached on 08/01/24, a 52-week low of $38.92 was recorded on 02/05/24. SMA at 50 days reached $44.15, while 200 days put it at $43.15.
Levels Of Support And Resistance For NJR Stock
The 24-hour chart illustrates a support level at 45.13, which if violated will result in even more drops to 44.90. On the upside, there is a resistance level at 45.57. A further resistance level may holdings at 45.79. The Relative Strength Index (RSI) on the 14-day chart is 53.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.88%. Stochastics%K at 57.94% indicates the stock is a holding.
How much short interest is there in New Jersey Resources Corporation?
A steep rise in short interest was recorded in New Jersey Resources Corporation stocks on 2024-07-31, growing by 75273.0 shares to a total of 2.02 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 1.94 million shares. There was a rise of 3.73%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on May 03, 2021 when JP Morgan began covering the stock and recommended ‘”a Neutral”‘ rating along with a $43 price target.
