Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Janus International Group Inc shares valued at $225,015 were sold by Frayser Peter on Jul 29 ’24. At $15.00 per share, Frayser Peter sold 15,000 shares. The insider’s holdings dropped to 217,805 shares worth approximately $1.57 million following the completion of this transaction.
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Also, Frayser Peter sold 20,000 shares, netting a total of over 270,506 in proceeds. Following the sale of shares at $13.53 each, the insider now holds 232,805 shares.
Before that, Nettie Norman V had sold 90,000 shares from its account. In a trade valued at $1,374,219, the Vice President, Manufacturing traded Janus International Group Inc shares for $15.27 each. Upon closing the transaction, the insider’s holdings decreased to 90,000 shares, worth approximately $2.05 million.
As published in a research note from Jefferies on November 04, 2024, Janus International Group Inc [JBI] has been rated down from a Buy to a Hold and the price target has been revised to $7.50 from $12. Analysts at Wolfe Research downgraded the stock from ‘”an Outperform”‘ to ‘”a Peer perform”‘ outlook in a report released in mid August. As of April 15, 2024, Jefferies has initiated its “Buy” rating for JBI. Earlier on July 24, 2023, Wolfe Research initiated its rating. Their recommendation was “an Outperform” for JBI stock.
Analyzing JBI Stock Performance
During the last five days, there has been a drop of approximately -1.10%. Over the course of the year, Janus International Group Inc shares have dropped approximately -44.90%. Shares of the company reached a 52-week high of $15.86 on 02/16/24 and a 52-week low of $6.68 on 10/29/24. A 50-day SMA is recorded $9.05, while a 200-day SMA reached $12.39. Nevertheless, trading volume fell to 0.9 million shares from 1.38 million shares the previous day.
Support And Resistance Levels for Janus International Group Inc (JBI)
According to the 24-hour chart, there is a support level at 7.09, which, if violated, would cause prices to drop to 6.99. In the upper region, resistance lies at 7.32. The next price resistance is at 7.44. RSI (Relative Strength Index) is 33.00 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.16, which suggests the price will decrease in the coming days. Percent R is at 72.07%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
