In a filing, Jabil Inc revealed its EVP, Operations McCoy Frederic E. unloaded Company’s shares for reported $0.52 million on Oct 31 ’24. In the deal valued at $122.28 per share,4,283 shares were sold. As a result of this transaction, McCoy Frederic E. now holds 142,472 shares worth roughly $19.09 million.
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Then, McKay Francis sold 11,755 shares, generating $1,430,699 in total proceeds. Upon selling the shares at $121.71, the SVP, Chief Procurement Officer now owns 41,507 shares.
Before that, Melachrino Kristine sold 3,592 shares. Jabil Inc shares valued at $446,002 were divested by the SVP, General Counsel at a price of $124.17 per share. As a result of the transaction, Melachrino Kristine now holds 31,978 shares, worth roughly $4.29 million.
Argus downgraded its Jabil Inc [JBL] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who remained covering the stock and in mid January has reiterated a ‘”an Overweight”‘ rating for it. Barclays began covering JBL with “an Overweight” recommendation on September 07, 2023.
Price Performance Review of JBL
On Monday, Jabil Inc [NYSE:JBL] saw its stock jump 2.20% to $134.00. Over the last five days, the stock has gained 4.45%. Jabil Inc shares have risen nearly 5.18% since the year began. Nevertheless, the stocks have risen 2.16% over the past one year. While a 52-week high of $156.94 was reached on 03/08/24, a 52-week low of $95.85 was recorded on 08/05/24. SMA at 50 days reached $124.39, while 200 days put it at $121.39.
Levels Of Support And Resistance For JBL Stock
The 24-hour chart illustrates a support level at 132.03, which if violated will result in even more drops to 130.05. On the upside, there is a resistance level at 136.55. A further resistance level may holdings at 139.09. The Relative Strength Index (RSI) on the 14-day chart is 63.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.60%. Stochastics %K at 44.58% indicates the stock is a holding.
How much short interest is there in Jabil Inc?
A steep rise in short interest was recorded in Jabil Inc stocks on 2024-10-31, dropping by -0.38 million shares to a total of 3.09 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.47 million shares. There was a decline of -12.41%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 13, 2022 when UBS began covering the stock and recommended ‘”a Neutral”‘ rating along with a $76 price target.
