Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. JBG SMITH Properties shares valued at $345,200 were sold by ESTES SCOTT A on Nov 01 ’24. At $17.26 per share, ESTES SCOTT A sold 20,000 shares. The insider’s holdings dropped to 30,000 shares worth approximately $0.47 million following the completion of this transaction.
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Also, Regan-Levine Evan sold 7,525 shares, netting a total of over 130,784 in proceeds. Following the sale of shares at $17.38 each, the insider now holds 0 shares.
Before that, Reynolds Kevin had sold 20,000 shares from its account. In a trade valued at $347,200, the Chief Development Officer traded JBG SMITH Properties shares for $17.36 each. Upon closing the transaction, the insider’s holdings decreased to 20,000 shares, worth approximately $140.94.
As published in a research note from Evercore ISI on August 17, 2023, JBG SMITH Properties [JBGS] has been rated down from an In-line to an Underperform and the price target has been revised to $15 from $16. Analysts at BMO Capital Markets downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in late May. As of May 23, 2022, Wolfe Research has decreased its “an Outperform” rating to a “Peer perform” for JBGS. Earlier on January 05, 2022, Wolfe Research initiated its rating. Their recommendation was “an Outperform” for JBGS stock.
Analyzing JBGS Stock Performance
During the last five days, there has been a drop of approximately -10.15%. Over the course of the year, JBG SMITH Properties shares have dropped approximately -7.94%. Shares of the company reached a 52-week high of $18.86 on 09/18/24 and a 52-week low of $13.65 on 05/29/24. A 50-day SMA is recorded $17.64, while a 200-day SMA reached $16.29. Nevertheless, trading volume fell to 0.51 million shares from 0.92 million shares the previous day.
Support And Resistance Levels for JBG SMITH Properties (JBGS)
According to the 24-hour chart, there is a support level at 15.46, which, if violated, would cause prices to drop to 15.25. In the upper region, resistance lies at 15.88. The next price resistance is at 16.09. RSI (Relative Strength Index) is 28.03 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.11, which suggests the price will decrease in the coming days. Percent R is at 93.53%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
