Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Jackson Financial Inc shares valued at $1,110,600 were sold by Ganguly Devkumar Dilip on Nov 12 ’24. At $111.06 per share, Ganguly Devkumar Dilip sold 10,000 shares. The insider’s holdings dropped to 83,761 shares worth approximately $8.28 million following the completion of this transaction.
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Also, Chelko Carrie sold 5,500 shares, netting a total of over 502,205 in proceeds. Following the sale of shares at $91.31 each, the insider now holds 61,829 shares.
Before that, Romine Scott had sold 10,000 shares from its account. In a trade valued at $825,200, the President and CEO, JNLD traded Jackson Financial Inc shares for $82.52 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $6.19 million.
As published in a research note from Evercore ISI on November 14, 2024, Jackson Financial Inc [JXN] has been rated down from an In-line to an Underperform and the price target has been revised to $95 from $74. Analysts at Barclays started covering the stock with ‘”an Overweight”‘ outlook in a report released in early September. As of May 14, 2024, Keefe Bruyette has decreased its “an Outperform” rating to a “Mkt perform” for JXN. Earlier on February 28, 2024, Keefe Bruyette upgraded its rating. Their new recommendation was “an Outperform” for JXN stock which previously was a “a Mkt perform”.
Analyzing JXN Stock Performance
During the last five days, there has been a drop of approximately -1.59%. Over the course of the year, Jackson Financial Inc shares have jumped approximately 93.14%. Shares of the company reached a 52-week high of $115.22 on 11/11/24 and a 52-week low of $47.49 on 01/17/24. A 50-day SMA is recorded $97.65, while a 200-day SMA reached $78.36. Nevertheless, trading volume fell to 0.62 million shares from 0.55 million shares the previous day.
Support And Resistance Levels for Jackson Financial Inc (JXN)
According to the 24-hour chart, there is a support level at 97.33, which, if violated, would cause prices to drop to 95.76. In the upper region, resistance lies at 100.22. The next price resistance is at 101.54. RSI (Relative Strength Index) is 45.88 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.46, which suggests the price will decrease in the coming days. Percent R is at 90.07%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
