Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Jack In The Box, Inc. shares valued at $33,867 were sold by Scott Brian M. on Aug 29 ’24. At $48.66 per share, Scott Brian M. sold 696 shares. The insider’s holdings dropped to 13,201 shares worth approximately $0.59 million following the completion of this transaction.
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Also, HARRIS DARIN S sold 598 shares, netting a total of over 30,881 in proceeds. Following the sale of shares at $51.64 each, the insider now holds 90,887 shares.
Before that, DARDEN TONY J had sold 54 shares from its account. In a trade valued at $2,728, the SVP, CHIEF OPERATING OFFICER traded Jack In The Box, Inc. shares for $50.51 each. Upon closing the transaction, the insider’s holdings decreased to 54 shares, worth approximately $0.37 million.
As published in their initiating research note from Goldman on June 13, 2024, Jack In The Box, Inc. [JACK] has been a Sell and the price target has been revised to $55. As of March 14, 2024, Wedbush has increased its “Neutral” rating to a “an Outperform” for JACK. Earlier on January 29, 2024, Northcoast upgraded its rating. Their new recommendation was “a Buy” for JACK stock which previously was a “a Neutral”.
Analyzing JACK Stock Performance
During the last five days, there has been a drop of approximately -1.65%. Over the course of the year, Jack In The Box, Inc. shares have dropped approximately -45.23%. Shares of the company reached a 52-week high of $86.20 on 01/05/24 and a 52-week low of $40.84 on 09/11/24. A 50-day SMA is recorded $48.14, while a 200-day SMA reached $60.15. Nevertheless, trading volume fell to 0.53 million shares from 0.47 million shares the previous day.
Support And Resistance Levels for Jack In The Box, Inc. (JACK)
According to the 24-hour chart, there is a support level at 43.19, which, if violated, would cause prices to drop to 41.68. In the upper region, resistance lies at 45.58. The next price resistance is at 46.45. RSI (Relative Strength Index) is 46.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.95, which suggests the price will decrease in the coming days. Percent R is at 59.17%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
