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. Jackson Financial Inc shares valued at $502,205 were sold by Chelko Carrie on Sep 19 ’24. At $91.31 per share, Chelko Carrie sold 5,500 shares. The insider’s holdings dropped to 61,829 shares worth approximately $6.18 million following the completion of this transaction.
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Also, Romine Scott sold 10,000 shares, netting a total of over 825,200 in proceeds. Following the sale of shares at $82.52 each, the insider now holds 62,592 shares.
Before that, Noles Russell G had added 700 shares to its account. In a trade valued at $58,996, the Director bought Jackson Financial Inc shares for $84.28 each. Upon closing the transaction, the insider’s holdings increased to 700 shares, worth approximately $3.07 million.
As published in their initiating research note from Barclays on September 05, 2024, Jackson Financial Inc [JXN] has been an Overweight and the price target has been revised to $109. Analysts at Keefe Bruyette downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in mid May. As of February 28, 2024, Keefe Bruyette has increased its “Mkt perform” rating to a “an Outperform” for JXN. Earlier on January 02, 2024, Jefferies downgraded its rating. Their new recommendation was “a Hold” for JXN stock which previously was a “a Buy”.
Analyzing JXN Stock Performance
During the last five days, there has been a surge of approximately 0.95%. Over the course of the year, Jackson Financial Inc shares have jumped approximately 95.27%. Shares of the company reached a 52-week high of $100.78 on 10/16/24 and a 52-week low of $47.49 on 01/17/24. A 50-day SMA is recorded $88.28, while a 200-day SMA reached $71.55. Nevertheless, trading volume fell to 0.67 million shares from 0.93 million shares the previous day.
Support And Resistance Levels for Jackson Financial Inc (JXN)
According to the 24-hour chart, there is a support level at 99.22, which, if violated, would cause prices to drop to 98.46. In the upper region, resistance lies at 100.76. The next price resistance is at 101.54. RSI (Relative Strength Index) is 71.99 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.64, which suggests the price will increase in the coming days. Percent R is at 6.34%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
