JELD-WEN Holding Inc’s recent filing unveils that its 10% Owner Turtle Creek Asset Management acquired Company’s shares for reported $4.53 million on Nov 05 ’24. In the deal valued at $10.06 per share,450,000 shares were bought. As a result of this transaction, Turtle Creek Asset Management now holds 11,751,912 shares worth roughly $127.74 million.
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Then, Turtle Creek Asset Management bought 350,000 shares, generating $3,747,310 in total proceeds. Upon buying the shares at $10.71, the 10% Owner now owns 11,872,529 shares.
Before that, Turtle Creek Asset Management bought 200,000 shares. JELD-WEN Holding Inc shares valued at $2,095,020 were divested by the 10% Owner at a price of $10.48 per share. As a result of the transaction, Turtle Creek Asset Management now holds 11,941,452 shares, worth roughly $129.8 million.
Loop Capital initiated its JELD-WEN Holding Inc [JELD] rating to a Hold in a research note published on February 15, 2024; the price target was $22. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in mid January with a ‘”a Perform”‘ rating. JP Morgan also remained covering JELD and has increased its forecast on December 20, 2022 with a “Neutral” recommendation from previously “an Underweight” rating. Wolfe Research revised its rating on November 08, 2022. It rated JELD as “an Underperform” which previously was an “a Peer perform”.
Price Performance Review of JELD
On Monday, JELD-WEN Holding Inc [NYSE:JELD] saw its stock fall -0.18% to $10.87. Over the last five days, the stock has gained 1.12%. JELD-WEN Holding Inc shares have fallen nearly -42.43% since the year began. Nevertheless, the stocks have fallen -31.98% over the past one year. While a 52-week high of $21.75 was reached on 04/26/24, a 52-week low of $8.90 was recorded on 11/05/24. SMA at 50 days reached $13.47, while 200 days put it at $15.58.
Levels Of Support And Resistance For JELD Stock
The 24-hour chart illustrates a support level at 10.72, which if violated will result in even more drops to 10.57. On the upside, there is a resistance level at 10.99. A further resistance level may holdings at 11.12. The Relative Strength Index (RSI) on the 14-day chart is 41.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 43.38%. Stochastics %K at 55.88% indicates the stock is a holding.
How much short interest is there in JELD-WEN Holding Inc?
A steep rise in short interest was recorded in JELD-WEN Holding Inc stocks on 2024-11-15, dropping by 92101.0 shares to a total of 2.5 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 2.59 million shares. There was a decline of -3.68%, which implies that there is a negative sentiment for the stock.
