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Raymond James downgrades St. Joe Co. (JOE) stock to a Mkt perform

In a filing, St. Joe Co. revealed its Director BERKOWITZ BRUCE R unloaded Company’s shares for reported $5.87 million on Aug 26 ’24. In the deal valued at $60.34 per share,97,200 shares were sold. As a result of this transaction, BERKOWITZ BRUCE R now holds 17,878,924 shares worth roughly $1.06 billion.

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Then, BERKOWITZ BRUCE R sold 54,100 shares, generating $3,267,099 in total proceeds. Upon selling the shares at $60.39, the Director now owns 17,976,124 shares.

Before that, BERKOWITZ BRUCE R sold 1,100 shares. St. Joe Co. shares valued at $66,000 were divested by the Director at a price of $60.00 per share. As a result of the transaction, BERKOWITZ BRUCE R now holds 17,877,824 shares, worth roughly $1.06 billion.

Raymond James downgraded its St. Joe Co. [JOE] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in early July from “a Mkt perform” to “an Outperform”. Keefe Bruyette also remained covering JOE and has decreased its forecast on September 22, 2008 with a “Mkt perform” recommendation from previously “an Outperform” rating. Wachovia revised its rating on July 17, 2008. It rated JOE as “an Underperform” which previously was an “a Mkt perform”.

Price Performance Review of JOE

On Friday,, St. Joe Co. [NYSE:JOE] saw its stock jump 1.84% to $59.37. Over the last five days, the stock has lost -1.53%. St. Joe Co. shares have fallen nearly -1.35% since the year began. Nevertheless, the stocks have fallen -5.34% over the past one year. While a 52-week high of $64.69 was reached on 07/26/24, a 52-week low of $45.93 was recorded on 06/26/24. SMA at 50 days reached $57.95, while 200 days put it at $56.27.

Levels Of Support And Resistance For JOE Stock

The 24-hour chart illustrates a support level at 58.51, which if violated will result in even more drops to 57.64. On the upside, there is a resistance level at 59.86. A further resistance level may holdings at 60.34. The Relative Strength Index (RSI) on the 14-day chart is 53.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.34%. Stochastics %K at 53.24% indicates the stock is a holding.

How much short interest is there in St. Joe Co.?

A steep rise in short interest was recorded in St. Joe Co. stocks on 2024-08-15, growing by 57295.0 shares to a total of 0.6 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 0.54 million shares. There was a rise of 9.62%, which implies that there is a positive sentiment for the stock.

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