Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Jack In The Box, Inc shares valued at $7,641 were sold by COOK RICHARD D on Nov 05 ’24. At $49.94 per share, COOK RICHARD D sold 153 shares. The insider’s holdings dropped to 9,797 shares worth approximately $0.44 million following the completion of this transaction.
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Also, Scott Brian M. sold 696 shares, netting a total of over 33,867 in proceeds. Following the sale of shares at $48.66 each, the insider now holds 13,201 shares.
Before that, HARRIS DARIN S had sold 598 shares from its account. In a trade valued at $30,881, the DIRECTOR & CEO traded Jack In The Box, Inc shares for $51.64 each. Upon closing the transaction, the insider’s holdings decreased to 598 shares, worth approximately $4.1 million.
As published in their initiating research note from Goldman on June 13, 2024, Jack In The Box, Inc [JACK] has been a Sell and the price target has been revised to $55. As of March 14, 2024, Wedbush has increased its “Neutral” rating to a “an Outperform” for JACK. Earlier on January 29, 2024, Northcoast upgraded its rating. Their new recommendation was “a Buy” for JACK stock which previously was a “a Neutral”.
Analyzing JACK Stock Performance
During the last five days, there has been a drop of approximately -10.32%. Over the course of the year, Jack In The Box, Inc shares have dropped approximately -44.78%. Shares of the company reached a 52-week high of $86.20 on 01/05/24 and a 52-week low of $40.84 on 09/11/24. A 50-day SMA is recorded $46.02, while a 200-day SMA reached $56.33. Nevertheless, trading volume fell to 0.62 million shares from 0.47 million shares the previous day.
Support And Resistance Levels for Jack In The Box, Inc (JACK)
According to the 24-hour chart, there is a support level at 44.36, which, if violated, would cause prices to drop to 43.63. In the upper region, resistance lies at 46.48. The next price resistance is at 47.87. RSI (Relative Strength Index) is 40.93 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.66, which suggests the price will decrease in the coming days. Percent R is at 99.47%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
