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Recent Insider Activity Suggests Potential Gains for Jacobs Solutions Inc (J)

Jacobs Solutions Inc’s recent filing unveils that its Director Thompson Christopher M.T. unloaded Company’s shares for reported $0.29 million on Aug 29 ’24. In the deal valued at $150.85 per share,1,898 shares were sold. As a result of this transaction, Thompson Christopher M.T. now holds 42,069 shares worth roughly $5.87 million.

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Then, Gustafson Shelette M sold 4,167 shares, generating $625,633 in total proceeds. Upon selling the shares at $150.14, the EXEC VICE PRESIDENT now owns 24,564 shares.

Before that, EBERHART RALPH E sold 1,907 shares. Jacobs Solutions Inc shares valued at $286,288 were divested by the Director at a price of $150.12 per share. As a result of the transaction, EBERHART RALPH E now holds 30,636 shares, worth roughly $4.28 million.

Raymond James upgraded its Jacobs Solutions Inc [J] rating to an Outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including William Blair’s analysts, who decreased its forecast for the stock in early May from “an Outperform” to “a Mkt perform”. Truist began covering J with “Hold” recommendation on March 14, 2024.

Price Performance Review of J

On Friday, Jacobs Solutions Inc [NYSE:J] saw its stock fall -0.68% to $139.62. Over the last five days, the stock has lost -0.64%. Jacobs Solutions Inc shares have risen nearly 28.83% since the year began. Nevertheless, the stocks have risen 28.47% over the past one year. While a 52-week high of $144.56 was reached on 10/21/24, a 52-week low of $100.79 was recorded on 01/08/24. SMA at 50 days reached $131.23, while 200 days put it at $122.37.

Levels Of Support And Resistance For J Stock

The 24-hour chart illustrates a support level at 138.72, which if violated will result in even more drops to 137.83. On the upside, there is a resistance level at 141.19. A further resistance level may holdings at 142.77. The Relative Strength Index (RSI) on the 14-day chart is 56.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.98, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.49%. Stochastics %K at 40.19% indicates the stock is a holding.

How much short interest is there in Jacobs Solutions Inc?

A steep rise in short interest was recorded in Jacobs Solutions Inc stocks on 2024-10-15, growing by 0.42 million shares to a total of 1.36 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 0.94 million shares. There was a rise of 31.2%, which implies that there is a positive sentiment for the stock.

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