Jefferies Financial Group Inc’s recent filing unveils that its President FRIEDMAN BRIAN P unloaded Company’s shares for reported $12.62 million on Oct 10 ’24. In the deal valued at $63.09 per share,200,000 shares were sold. As a result of this transaction, FRIEDMAN BRIAN P now holds 604,606 shares worth roughly $39.26 million.
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Then, Brian P. Friedman bought 200,000 shares, generating $12,656,000 in total proceeds.
Before that, SUMITOMO MITSUI FINANCIAL GROU bought 9,247,081 shares. Jefferies Financial Group Inc shares valued at $551,773,323 were divested by the Director at a price of $59.67 per share. As a result of the transaction, SUMITOMO MITSUI FINANCIAL GROU now holds 9,247,081 shares, worth roughly $600.51 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 jump 1.44% to $64.94. Over the last five days, the stock has lost -0.66%. Jefferies Financial Group Inc shares have risen nearly 60.70% since the year began. Nevertheless, the stocks have risen 101.55% over the past one year. While a 52-week high of $67.79 was reached on 10/17/24, a 52-week low of $31.38 was recorded on 01/18/24. SMA at 50 days reached $61.21, while 200 days put it at $49.83.
Levels Of Support And Resistance For JEF Stock
The 24-hour chart illustrates a support level at 64.48, which if violated will result in even more drops to 64.03. On the upside, there is a resistance level at 65.50. A further resistance level may holdings at 66.07. The Relative Strength Index (RSI) on the 14-day chart is 58.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.32%. Stochastics %K at 32.89% indicates the stock is a holding.
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 2024-10-15, growing by 0.6 million shares to a total of 10.95 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 10.35 million shares. There was a rise of 5.45%, which implies that there is a positive sentiment for the stock.
