Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Jackson Financial Inc shares valued at $825,200 were sold by Romine Scott on Aug 13 ’24. At $82.52 per share, Romine Scott sold 10,000 shares. The insider’s holdings dropped to 62,592 shares worth approximately $5.22 million following the completion of this transaction.
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Also, Noles Russell G purchased 700 shares, netting a total of over 58,996 in proceeds. Following the buying of shares at $84.28 each, the insider now holds 30,666 shares.
Before that, Romine Scott had sold 12,000 shares from its account. In a trade valued at $854,520, the President and CEO, JNLD traded Jackson Financial Inc shares for $71.21 each. Upon closing the transaction, the insider’s holdings decreased to 12,000 shares, worth approximately $6.54 million.
As published in a research note from Keefe Bruyette on May 14, 2024, Jackson Financial Inc [JXN] has been rated down from an Outperform to a Mkt perform. Analysts at Keefe Bruyette upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in late February. As of January 02, 2024, Jefferies has decreased its “Buy” rating to a “Hold” for JXN. Earlier on January 26, 2022, Jefferies initiated its rating. Their recommendation was “a Buy” for JXN stock.
Analyzing JXN Stock Performance
During the last five days, there has been a drop of approximately -1.52%. Over the course of the year, Jackson Financial Inc shares have jumped approximately 62.91%. Shares of the company reached a 52-week high of $89.81 on 08/16/24 and a 52-week low of $47.49 on 01/17/24. A 50-day SMA is recorded $78.98, while a 200-day SMA reached $63.35. Nevertheless, trading volume fell to 0.76 million shares from 0.59 million shares the previous day.
Support And Resistance Levels for Jackson Financial Inc (JXN)
According to the 24-hour chart, there is a support level at 82.66, which, if violated, would cause prices to drop to 81.91. In the upper region, resistance lies at 84.56. The next price resistance is at 85.71. RSI (Relative Strength Index) is 51.77 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.83, which suggests the price will increase in the coming days. Percent R is at 27.49%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.
