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Analyzing Jack In The Box, Inc. (JACK) After Recent Trading Activity

Jack In The Box, Inc.’s recently made public that its EVP, Chief Financial Officer Scott Brian M. unloaded Company’s shares for reported $33867.0 on Aug 29 ’24. In the deal valued at $48.66 per share,696 shares were sold. As a result of this transaction, Scott Brian M. now holds 13,201 shares worth roughly $0.6 million.

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Then, HARRIS DARIN S sold 598 shares, generating $30,881 in total proceeds. Upon selling the shares at $51.64, the DIRECTOR & CEO now owns 90,887 shares.

Before that, DARDEN TONY J sold 54 shares. Jack In The Box, Inc. shares valued at $2,728 were divested by the SVP, CHIEF OPERATING OFFICER at a price of $50.51 per share. As a result of the transaction, DARDEN TONY J now holds 8,299 shares, worth roughly $0.37 million.

Goldman initiated its Jack In The Box, Inc. [JACK] rating to a Sell in a research note published on June 13, 2024; the price target was $55. Wedbush also remained covering JACK and has increased its forecast on March 14, 2024 with a “an Outperform” recommendation from previously “Neutral” rating. Northcoast revised its rating on January 29, 2024. It rated JACK as “a Buy” which previously was an “a Neutral”.

Price Performance Review of JACK

On Friday, Jack In The Box, Inc. [NASDAQ:JACK] saw its stock fall -0.68% to $45.15. Over the last five days, the stock has lost -0.57%. Jack In The Box, Inc. shares have fallen nearly -44.69% since the year began. Nevertheless, the stocks have fallen -30.59% over the past one year. While a 52-week high of $86.20 was reached on 01/05/24, a 52-week low of $40.84 was recorded on 09/11/24. SMA at 50 days reached $49.32, while 200 days put it at $60.91.

Levels Of Support And Resistance For JACK Stock

The 24-hour chart illustrates a support level at 43.63, which if violated will result in even more drops to 42.12. On the upside, there is a resistance level at 46.05. A further resistance level may holdings at 46.96. The Relative Strength Index (RSI) on the 14-day chart is 45.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.81%. Stochastics %K at 60.08% indicates the stock is a holding.

How much short interest is there in Jack In The Box, Inc.?

A steep rise in short interest was recorded in Jack In The Box, Inc. stocks on 2024-09-13, growing by 0.28 million shares to a total of 1.83 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 1.55 million shares. There was a rise of 15.37%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on October 19, 2023 when Deutsche Bank began covering the stock and recommended ‘”a Hold”‘ rating along with a $71 price target.

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