Jefferies Financial Group Inc’s filing revealed that its President FRIEDMAN BRIAN P unloaded Company’s shares for reported $28.39 million on Nov 06 ’24. In the deal valued at $72.17 per share,393,397 shares were sold. As a result of this transaction, FRIEDMAN BRIAN P now holds 560,507 shares worth roughly $44.55 million.
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Then, HANDLER RICHARD B sold 400,000 shares, generating $28,902,360 in total proceeds. Upon selling the shares at $72.26, the CEO now owns 14,971,288 shares.
Before that, FRIEDMAN BRIAN P bought 393,397 shares. Jefferies Financial Group Inc shares valued at $25,169,540 were divested by the Executive Officer & Director at a price of $63.98 per share.
UBS initiated its Jefferies Financial Group Inc [JEF] rating to a Buy in a research note published on September 17, 2024; the price target was $67. A number of analysts have revised their coverage, including Goldman’s analysts, who increased its forecast for the stock in late August from “a Neutral” to “a Buy”. Morgan Stanley also remained covering JEF and has increased its forecast on July 12, 2023 with a “an Equal-weight” recommendation from previously “an Underweight” rating. Morgan Stanley revised its rating on April 12, 2023. It rated JEF as “an Underweight” which previously was an “an Equal-weight”.
Price Performance Review of JEF
On Monday, Jefferies Financial Group Inc [NYSE:JEF] saw its stock jump 1.15% to $79.48. Over the last five days, the stock has gained 7.65%. Jefferies Financial Group Inc shares have risen nearly 96.68% since the year began. Nevertheless, the stocks have risen 126.83% over the past one year. While a 52-week high of $78.74 was reached on 11/25/24, a 52-week low of $34.34 was recorded on 01/18/24. SMA at 50 days reached $66.65, while 200 days put it at $52.94.
Levels Of Support And Resistance For JEF Stock
The 24-hour chart illustrates a support level at 78.62, which if violated will result in even more drops to 77.76. On the upside, there is a resistance level at 80.32. A further resistance level may holdings at 81.16. The Relative Strength Index (RSI) on the 14-day chart is 80.69, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.79, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.60%. Stochastics %K at 95.32% indicates the stock is a selling.
How much short interest is there in Jefferies Financial Group Inc?
A steep rise in short interest was recorded in Jefferies Financial Group Inc stocks on 2024-10-31, dropping by -0.23 million shares to a total of 10.41 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 10.64 million shares. There was a decline of -2.21%, which implies that there is a negative sentiment for the stock.
