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. St. Joe Co. shares valued at $5,865,048 were sold by BERKOWITZ BRUCE R on Aug 26 ’24. At $60.34 per share, BERKOWITZ BRUCE R sold 97,200 shares. The insider’s holdings dropped to 17,878,924 shares worth approximately $954.02 million following the completion of this transaction.
Also, BERKOWITZ BRUCE R sold 54,100 shares, netting a total of over 3,267,099 in proceeds. Following the sale of shares at $60.39 each, the insider now holds 17,976,124 shares.
Before that, BERKOWITZ BRUCE R had sold 1,100 shares from its account. In a trade valued at $66,000, the Director traded St. Joe Co. shares for $60.00 each. Upon closing the transaction, the insider’s holdings decreased to 1,100 shares, worth approximately $953.96 million.
As published in a research note from Raymond James on October 26, 2015, St. Joe Co. [JOE] has been rated down from an Outperform to a Mkt perform. Analysts at Raymond James upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in early July. As of September 22, 2008, Keefe Bruyette has decreased its “an Outperform” rating to a “Mkt perform” for JOE. Earlier on July 17, 2008, Wachovia downgraded its rating. Their new recommendation was “an Underperform” for JOE stock which previously was a “a Mkt perform”.
Analyzing JOE Stock Performance
During the last five days, there has been a drop of approximately -10.36%. Over the course of the year, St. Joe Co. shares have dropped approximately -11.33%. Shares of the company reached a 52-week high of $64.69 on 07/26/24 and a 52-week low of $51.66 on 06/26/24. A 50-day SMA is recorded $58.53, while a 200-day SMA reached $56.81. Nevertheless, trading volume fell to 0.55 million shares from 70100.0 shares the previous day.
Support And Resistance Levels for St. Joe Co. (JOE)
According to the 24-hour chart, there is a support level at 51.66, which, if violated, would cause prices to drop to 49.96. In the upper region, resistance lies at 55.91. The next price resistance is at 58.45. RSI (Relative Strength Index) is 26.50 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.21, which suggests the price will decrease in the coming days. Percent R is at 89.17%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
