Juniper Networks Inc’s recent filing unveils that its EVP CFO Miller Kenneth Bradley unloaded Company’s shares for reported $1.47 million on Jul 02 ’24. In the deal valued at $36.67 per share,40,000 shares were sold. As a result of this transaction, Miller Kenneth Bradley now holds 84,776 shares worth roughly $3.27 million.
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Then, Miller Kenneth Bradley sold 40,000 shares, generating $1,460,084 in total proceeds. Upon selling the shares at $36.50, the EVP CFO now owns 124,776 shares.
Before that, Miller Kenneth Bradley sold 28,669 shares. Juniper Networks Inc shares valued at $1,047,290 were divested by the EVP CFO at a price of $36.53 per share. As a result of the transaction, Miller Kenneth Bradley now holds 56,107 shares, worth roughly $2.17 million.
Argus upgraded its Juniper Networks Inc [JNPR] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in early October from “an Overweight” to “a Neutral”. Raymond James also remained covering JNPR and has decreased its forecast on July 24, 2023 with a “an Outperform” recommendation from previously “Strong buy” rating. Exane BNP Paribas started covering the stock on July 20, 2023. It rated JNPR as “a Neutral”.
Price Performance Review of JNPR
On Monday, Juniper Networks Inc [NYSE:JNPR] saw its stock jump 0.08% to $38.63. Over the last five days, the stock has gained 0.76%. Juniper Networks Inc shares have risen nearly 31.04% since the year began. Nevertheless, the stocks have risen 36.26% over the past one year. While a 52-week high of $39.06 was reached on 08/29/24, a 52-week low of $24.87 was recorded on 01/02/24. SMA at 50 days reached $38.13, while 200 days put it at $35.79.
Levels Of Support And Resistance For JNPR Stock
The 24-hour chart illustrates a support level at 38.57, which if violated will result in even more drops to 38.50. On the upside, there is a resistance level at 38.72. A further resistance level may holdings at 38.80. The Relative Strength Index (RSI) on the 14-day chart is 55.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 47.78%. Stochastics %K at 48.15% indicates the stock is a holding.
How much short interest is there in Juniper Networks Inc?
A steep rise in short interest was recorded in Juniper Networks Inc stocks on 2024-08-30, dropping by -0.44 million shares to a total of 12.15 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 12.6 million shares. There was a decline of -3.65%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 30, 2023 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $38 price target.
