The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Jacobs Solutions Inc shares valued at $286,320 were purchased by Thompson Christopher M.T. on Aug 29 ’24. At $150.85 per share, Thompson Christopher M.T. acquired 1,898 shares.
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Also, Gustafson Shelette M purchased 4,167 shares, netting a total of over 625,634 in proceeds.
Before that, EBERHART RALPH E had added 1,907 shares to its account. In a trade valued at $286,288, the Director bought Jacobs Solutions Inc shares for $150.12 each.
As published in a research note from William Blair on May 08, 2024, Jacobs Solutions Inc [J] has been rated down from an Outperform to a Mkt perform. Analysts at Truist started covering the stock with ‘”a Hold”‘ outlook in a report released in mid March. Earlier on November 22, 2023, Raymond James downgraded its rating. Their new recommendation was “a Mkt perform” for J stock which previously was a “an Outperform”.
Analyzing J Stock Performance
During the last five days, there has been a surge of approximately 0.93%. Over the course of the year, Jacobs Solutions Inc shares have jumped approximately 15.56%. Shares of the company reached a 52-week high of $154.50 on 03/28/24 and a 52-week low of $125.88 on 01/08/24. A 50-day SMA is recorded $144.14, while a 200-day SMA reached $140.28. Nevertheless, trading volume fell to 0.53 million shares from 0.35 million shares the previous day.
Support And Resistance Levels for Jacobs Solutions Inc (J)
According to the 24-hour chart, there is a support level at 149.38, which, if violated, would cause prices to drop to 148.76. In the upper region, resistance lies at 150.85. The next price resistance is at 151.69. RSI (Relative Strength Index) is 63.96 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.16, which suggests the price will increase in the coming days. Percent R is at 18.99%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.
