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. Jefferies Financial Group Inc shares valued at $551,773,323 were purchased by SUMITOMO MITSUI FINANCIAL GROU on Sep 19 ’24. At $59.67 per share, SUMITOMO MITSUI FINANCIAL GROU acquired 9,247,081 shares. The insider’s holdings grew to 9,247,081 shares worth approximately $578.22 million following the completion of this transaction.
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Also, JOSEPH STEINBERG purchased 100,000 shares, netting a total of over 5,413,000 in proceeds.
Before that, FRIEDMAN BRIAN P had sold 165,396 shares from its account. In a trade valued at $7,649,433, the President traded Jefferies Financial Group Inc shares for $46.25 each. Upon closing the transaction, the insider’s holdings decreased to 165,396 shares, worth approximately $151.69 million.
As published in their initiating research note from UBS on September 17, 2024, Jefferies Financial Group Inc [JEF] has been a Buy and the price target has been revised to $67. Analysts at Goldman upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late August. As of July 12, 2023, Morgan Stanley has increased its “an Underweight” rating to a “an Equal-weight” for JEF. Earlier on April 12, 2023, Morgan Stanley downgraded its rating. Their new recommendation was “an Underweight” for JEF stock which previously was a “an Equal-weight”.
Analyzing JEF Stock Performance
During the last five days, there has been a surge of approximately 2.26%. Over the course of the year, Jefferies Financial Group Inc shares have jumped approximately 54.74%. Shares of the company reached a 52-week high of $62.98 on 09/23/24 and a 52-week low of $38.77 on 01/18/24. A 50-day SMA is recorded $58.21, while a 200-day SMA reached $47.71. Nevertheless, trading volume fell to 1.36 million shares from 1.64 million shares the previous day.
Support And Resistance Levels for Jefferies Financial Group Inc (JEF)
According to the 24-hour chart, there is a support level at 61.83, which, if violated, would cause prices to drop to 61.14. In the upper region, resistance lies at 63.03. The next price resistance is at 63.54. RSI (Relative Strength Index) is 66.37 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.62, which suggests the price will decrease in the coming days. Percent R is at 10.25%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
