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Selling Buzz: Juniper Networks Inc [JNPR] EVP CFO Miller Kenneth Bradley sells 40,000 shares of the company

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. Juniper Networks Inc shares valued at $1,466,980 were sold by Miller Kenneth Bradley on Jul 02 ’24. At $36.67 per share, Miller Kenneth Bradley sold 40,000 shares. The insider’s holdings dropped to 84,776 shares worth approximately $3.3 million following the completion of this transaction.

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Also, Miller Kenneth Bradley sold 40,000 shares, netting a total of over 1,460,084 in proceeds. Following the sale of shares at $36.50 each, the insider now holds 124,776 shares.

Before that, Miller Kenneth Bradley had sold 28,669 shares from its account. In a trade valued at $1,047,290, the EVP CFO traded Juniper Networks Inc shares for $36.53 each. Upon closing the transaction, the insider’s holdings decreased to 28,669 shares, worth approximately $2.19 million.

As published in a research note from Argus on June 18, 2024, Juniper Networks Inc [JNPR] has been rated up from a Hold to a Buy. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in early October. As of July 24, 2023, Raymond James has decreased its “Strong buy” rating to a “an Outperform” for JNPR. Earlier on July 20, 2023, Exane BNP Paribas initiated its rating. Their recommendation was “a Neutral” for JNPR stock.

Analyzing JNPR Stock Performance

During the last five days, there has been a surge of approximately 1.06%. Over the course of the year, Juniper Networks Inc shares have jumped approximately 32.16%. Shares of the company reached a 52-week high of $39.13 on 09/19/24 and a 52-week low of $29.13 on 01/02/24. A 50-day SMA is recorded $38.26, while a 200-day SMA reached $35.95. Nevertheless, trading volume fell to 5.84 million shares from 5.79 million shares the previous day.

Support And Resistance Levels for Juniper Networks Inc (JNPR)

According to the 24-hour chart, there is a support level at 38.89, which, if violated, would cause prices to drop to 38.81. In the upper region, resistance lies at 39.08. The next price resistance is at 39.20. RSI (Relative Strength Index) is 62.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.32, which suggests the price will decrease in the coming days. Percent R is at 17.53%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

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