Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Jefferies Financial Group Inc shares valued at $28,393,256 were sold by FRIEDMAN BRIAN P on Nov 06 ’24. At $72.17 per share, FRIEDMAN BRIAN P sold 393,397 shares. The insider’s holdings dropped to 560,507 shares worth approximately $43.03 million following the completion of this transaction.
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Also, HANDLER RICHARD B sold 400,000 shares, netting a total of over 28,902,360 in proceeds. Following the sale of shares at $72.26 each, the insider now holds 14,971,288 shares.
Before that, FRIEDMAN BRIAN P had added 393,397 shares to its account. In a trade valued at $25,169,540, the Executive Officer & Director bought Jefferies Financial Group Inc shares for $63.98 each.
As published in their initiating research note from UBS on September 17, 2024, Jefferies Financial Group Inc [JEF] has been a Buy and the price target has been revised to $67. Analysts at Goldman upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late August. As of July 12, 2023, Morgan Stanley has increased its “an Underweight” rating to a “an Equal-weight” for JEF. Earlier on April 12, 2023, Morgan Stanley downgraded its rating. Their new recommendation was “an Underweight” for JEF stock which previously was a “an Equal-weight”.
Analyzing JEF Stock Performance
During the last five days, there has been a surge of approximately 4.45%. Over the course of the year, Jefferies Financial Group Inc shares have jumped approximately 89.98%. Shares of the company reached a 52-week high of $77.53 on 11/21/24 and a 52-week low of $38.77 on 01/18/24. A 50-day SMA is recorded $65.86, while a 200-day SMA reached $52.56. Nevertheless, trading volume fell to 1.32 million shares from 1.02 million shares the previous day.
Support And Resistance Levels for Jefferies Financial Group Inc (JEF)
According to the 24-hour chart, there is a support level at 75.54, which, if violated, would cause prices to drop to 74.32. In the upper region, resistance lies at 77.76. The next price resistance is at 78.75. RSI (Relative Strength Index) is 76.57 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.05, which suggests the price will increase in the coming days. Percent R is at 5.35%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
