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A company insider recently sold 9,000 shares of Janus Henderson Group plc [JHG]. Should You Sale?

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Janus Henderson Group plc shares valued at $320,403 were sold by THOMPSON ROGER MJ on Sep 12 ’24. At $35.60 per share, THOMPSON ROGER MJ sold 9,000 shares. The insider’s holdings dropped to 130,171 shares worth approximately $4.9 million following the completion of this transaction.

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Also, THOMPSON ROGER MJ sold 9,000 shares, netting a total of over 318,453 in proceeds. Following the sale of shares at $35.38 each, the insider now holds 139,171 shares.

Before that, ROSENBERG MICHELLE had sold 7,651 shares from its account. In a trade valued at $279,338, the CAO & GENERAL COUNSEL traded Janus Henderson Group plc shares for $36.51 each. Upon closing the transaction, the insider’s holdings decreased to 7,651 shares, worth approximately $3.35 million.

As published in their initiating research note from Wells Fargo on September 12, 2024, Janus Henderson Group plc [JHG] has been an Equal weight and the price target has been revised to $37. Analysts at UBS upgraded the stock from ‘”a Sell”‘ to ‘”a Neutral”‘ outlook in a report released in early September. As of May 15, 2024, TD Cowen has increased its “Hold” rating to a “Buy” for JHG. Earlier on February 02, 2024, JP Morgan upgraded its rating. Their new recommendation was “a Neutral” for JHG stock which previously was a “an Underweight”.

Analyzing JHG Stock Performance

During the last five days, there has been a drop of approximately -1.41%. Over the course of the year, Janus Henderson Group plc shares have jumped approximately 24.88%. Shares of the company reached a 52-week high of $39.11 on 08/01/24 and a 52-week low of $28.19 on 01/17/24. A 50-day SMA is recorded $36.57, while a 200-day SMA reached $33.13. Nevertheless, trading volume fell to 0.66 million shares from 0.92 million shares the previous day.

Support And Resistance Levels for Janus Henderson Group plc (JHG)

According to the 24-hour chart, there is a support level at 37.42, which, if violated, would cause prices to drop to 37.19. In the upper region, resistance lies at 37.84. The next price resistance is at 38.03. RSI (Relative Strength Index) is 53.84 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.22, which suggests the price will decrease in the coming days. Percent R is at 44.13%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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