Jefferies Financial Group Inc’s recent filing unveils that its Director SUMITOMO MITSUI FINANCIAL GROU acquired Company’s shares for reported $551.77 million on Sep 19 ’24. In the deal valued at $59.67 per share,9,247,081 shares were bought. As a result of this transaction, SUMITOMO MITSUI FINANCIAL GROU now holds 9,247,081 shares worth roughly $585.16 million.
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Then, JOSEPH STEINBERG bought 100,000 shares, generating $5,413,000 in total proceeds.
Before that, FRIEDMAN BRIAN P sold 165,396 shares. Jefferies Financial Group Inc shares valued at $7,649,433 were divested by the President at a price of $46.25 per share. As a result of the transaction, FRIEDMAN BRIAN P now holds 2,425,954 shares, worth roughly $153.51 million.
UBS initiated its Jefferies Financial Group Inc [JEF] rating to a Buy in a research note published on September 17, 2024; the price target was $67. A number of analysts have revised their coverage, including Goldman’s analysts, who increased its forecast for the stock in late August from “a Neutral” to “a Buy”. Morgan Stanley also remained covering JEF and has increased its forecast on July 12, 2023 with a “an Equal-weight” recommendation from previously “an Underweight” rating. Morgan Stanley revised its rating on April 12, 2023. It rated JEF as “an Underweight” which previously was an “an Equal-weight”.
Price Performance Review of JEF
On Monday, Jefferies Financial Group Inc [NYSE:JEF] saw its stock fall -0.09% to $63.28. Over the last five days, the stock has gained 2.81%. Jefferies Financial Group Inc shares have risen nearly 56.59% since the year began. Nevertheless, the stocks have risen 79.11% over the past one year. While a 52-week high of $64.11 was reached on 10/04/24, a 52-week low of $31.38 was recorded on 01/18/24. SMA at 50 days reached $58.48, while 200 days put it at $47.96.
Levels Of Support And Resistance For JEF Stock
The 24-hour chart illustrates a support level at 62.90, which if violated will result in even more drops to 62.52. On the upside, there is a resistance level at 63.81. A further resistance level may holdings at 64.34. The Relative Strength Index (RSI) on the 14-day chart is 69.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.99, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 15.49%. Stochastics %K at 86.63% indicates the stock is a selling.
How much short interest is there in Jefferies Financial Group Inc?
A steep rise in short interest was recorded in Jefferies Financial Group Inc stocks on 2024-09-13, growing by 0.28 million shares to a total of 10.35 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 10.07 million shares. There was a rise of 2.74%, which implies that there is a positive sentiment for the stock.
