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 $12,618,060 were sold by FRIEDMAN BRIAN P on Oct 10 ’24. At $63.09 per share, FRIEDMAN BRIAN P sold 200,000 shares. The insider’s holdings dropped to 604,606 shares worth approximately $38.15 million following the completion of this transaction.
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Also, Brian P. Friedman purchased 200,000 shares, netting a total of over 12,656,000 in proceeds.
Before that, SUMITOMO MITSUI FINANCIAL GROU had added 9,247,081 shares to its account. In a trade valued at $551,773,323, the Director bought Jefferies Financial Group Inc shares for $59.67 each. Upon closing the transaction, the insider’s holdings increased to 9,247,081 shares, worth approximately $583.49 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 0.91%. Over the course of the year, Jefferies Financial Group Inc shares have jumped approximately 56.15%. Shares of the company reached a 52-week high of $64.54 on 10/09/24 and a 52-week low of $38.77 on 01/18/24. A 50-day SMA is recorded $58.82, while a 200-day SMA reached $48.33. Nevertheless, trading volume fell to 1.59 million shares from 1.56 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 62.79, which, if violated, would cause prices to drop to 62.49. In the upper region, resistance lies at 63.51. The next price resistance is at 63.92. RSI (Relative Strength Index) is 65.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.02, which suggests the price will increase in the coming days. Percent R is at 24.87%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
