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 sold by Thompson Christopher M.T. on Aug 29 ’24. At $150.85 per share, Thompson Christopher M.T. sold 1,898 shares. The insider’s holdings dropped to 42,069 shares worth approximately $5.84 million following the completion of this transaction.
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Also, Gustafson Shelette M sold 4,167 shares, netting a total of over 625,633 in proceeds. Following the sale of shares at $150.14 each, the insider now holds 24,564 shares.
Before that, EBERHART RALPH E had sold 1,907 shares from its account. In a trade valued at $286,288, the Director traded Jacobs Solutions Inc shares for $150.12 each. Upon closing the transaction, the insider’s holdings decreased to 1,907 shares, worth approximately $4.26 million.
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 7.61%. Over the course of the year, Jacobs Solutions Inc shares have jumped approximately 28.17%. Shares of the company reached a 52-week high of $156.31 on 09/27/24 and a 52-week low of $125.88 on 01/08/24. A 50-day SMA is recorded $145.40, while a 200-day SMA reached $142.19. Nevertheless, trading volume fell to 1.66 million shares from 1.22 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 135.87, which, if violated, would cause prices to drop to 132.83. In the upper region, resistance lies at 140.50. The next price resistance is at 142.09. RSI (Relative Strength Index) is 83.07 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at -9.89, which suggests the price will decrease in the coming days. Percent R is at 63.04%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
