The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Jacobs Solutions Inc shares valued at $351,861 were purchased by Arnette Stephen A on Nov 21 ’24. At $135.70 per share, Arnette Stephen A acquired 2,593 shares.
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Also, Thompson Christopher M.T. sold 1,898 shares, netting a total of over 286,320 in proceeds. Following the sale of shares at $150.85 each, the insider now holds 42,069 shares.
Before that, Gustafson Shelette M had sold 4,167 shares from its account. In a trade valued at $625,633, the EXEC VICE PRESIDENT traded Jacobs Solutions Inc shares for $150.14 each. Upon closing the transaction, the insider’s holdings decreased to 4,167 shares, worth approximately $3.33 million.
As published in a research note from The Benchmark Company on November 20, 2024, Jacobs Solutions Inc [J] has been rated down from a Buy to a Hold. Analysts at Raymond James upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in early October. As of May 08, 2024, William Blair has decreased its “an Outperform” rating to a “Mkt perform” for J. Earlier on March 14, 2024, Truist initiated its rating. Their recommendation was “a Hold” for J stock.
Analyzing J Stock Performance
During the last five days, there has been a drop of approximately -3.68%. Over the course of the year, Jacobs Solutions Inc shares have jumped approximately 24.96%. Shares of the company reached a 52-week high of $150.54 on 11/13/24 and a 52-week low of $104.90 on 01/08/24. A 50-day SMA is recorded $136.77, while a 200-day SMA reached $124.33. Nevertheless, trading volume fell to 1.03 million shares from 1.21 million shares the previous day.
Support And Resistance Levels for Jacobs Solutions Inc (J)
According to the 24-hour chart, there is a support level at 133.03, which, if violated, would cause prices to drop to 130.62. In the upper region, resistance lies at 137.05. The next price resistance is at 138.66. RSI (Relative Strength Index) is 42.19 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -8.05, which suggests the price will decrease in the coming days. Percent R is at 77.67%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
