Jefferies Financial Group Inc’s filing revealed that its Officer (Chairman) & Director JOSEPH STEINBERG acquired Company’s shares for reported $5.41 million on Aug 15 ’24. In the deal valued at $54.13 per share,100,000 shares were bought.
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Then, FRIEDMAN BRIAN P sold 165,396 shares, generating $7,649,433 in total proceeds. Upon selling the shares at $46.25, the President now owns 2,425,954 shares.
Before that, FRIEDMAN BRIAN P sold 60,000 shares. Jefferies Financial Group Inc shares valued at $2,778,222 were divested by the President at a price of $46.30 per share. As a result of the transaction, FRIEDMAN BRIAN P now holds 496,780 shares, worth roughly $28.95 million.
Goldman upgraded its Jefferies Financial Group Inc [JEF] rating to a Buy from a a Neutral in a research note published on August 22, 2023; the price target was increased to $40 from $37. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in mid July from “an Underweight” to “an Equal-weight”. Morgan Stanley also remained covering JEF and has decreased its forecast on April 12, 2023 with a “an Underweight” recommendation from previously “an Equal-weight” rating. Goldman revised its rating on January 11, 2023. It rated JEF as “a Neutral” which previously was an “a Buy”.
Price Performance Review of JEF
On Monday, Jefferies Financial Group Inc [NYSE:JEF] saw its stock fall -1.19% to $58.28. Over the last five days, the stock has gained 1.22%. Jefferies Financial Group Inc shares have risen nearly 44.22% since the year began. Nevertheless, the stocks have risen 68.54% over the past one year. While a 52-week high of $59.30 was reached on 08/26/24, a 52-week low of $31.38 was recorded on 01/18/24. SMA at 50 days reached $53.37, while 200 days put it at $44.46.
Levels Of Support And Resistance For JEF Stock
The 24-hour chart illustrates a support level at 57.78, which if violated will result in even more drops to 57.29. On the upside, there is a resistance level at 59.11. A further resistance level may holdings at 59.95. The Relative Strength Index (RSI) on the 14-day chart is 62.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.54, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 20.63%. Stochastics %K at 89.20% indicates the stock is a selling.
How much short interest is there in Jefferies Financial Group Inc?
A steep rise in short interest was recorded in Jefferies Financial Group Inc stocks on 2024-07-31, growing by 1.51 million shares to a total of 10.36 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 8.84 million shares. There was a rise of 14.61%, which implies that there is a positive sentiment for the stock.
