Jabil Inc’s recent filing unveils that 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 $19.32 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 $4.34 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 Friday, Jabil Inc [NYSE:JBL] saw its stock fall -0.10% to $135.64. Over the last five days, the stock has lost -0.14%. Jabil Inc shares have risen nearly 6.47% since the year began. Nevertheless, the stocks have risen 18.58% 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 $127.89, while 200 days put it at $121.22.
Levels Of Support And Resistance For JBL Stock
The 24-hour chart illustrates a support level at 134.68, which if violated will result in even more drops to 133.71. On the upside, there is a resistance level at 136.60. A further resistance level may holdings at 137.55. The Relative Strength Index (RSI) on the 14-day chart is 63.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.08, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.91%. Stochastics %K at 86.63% indicates the stock is a selling.
How much short interest is there in Jabil Inc?
A steep rise in short interest was recorded in Jabil Inc stocks on 2024-11-15, dropping by -1.13 million shares to a total of 2.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 3.8 million shares. There was a decline of -42.35%, 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.
