In a filing, Janus International Group Inc revealed its Chief Commercial Officer Frayser Peter unloaded Company’s shares for reported $0.23 million on Jul 29 ’24. In the deal valued at $15.00 per share,15,000 shares were sold. As a result of this transaction, Frayser Peter now holds 217,805 shares worth roughly $1.6 million.
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Then, Frayser Peter sold 20,000 shares, generating $270,506 in total proceeds. Upon selling the shares at $13.53, the Chief Commercial Officer now owns 232,805 shares.
Before that, Nettie Norman V sold 90,000 shares. Janus International Group Inc shares valued at $1,374,219 were divested by the Vice President, Manufacturing at a price of $15.27 per share. As a result of the transaction, Nettie Norman V now holds 285,786 shares, worth roughly $2.1 million.
Jefferies downgraded its Janus International Group Inc [JBI] rating to a Hold from a a Buy in a research note published on November 04, 2024; the price target was decreased to $7.50 from $12. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who decreased its forecast for the stock in mid August from “an Outperform” to “a Peer perform”. Jefferies began covering JBI with “Buy” recommendation on April 15, 2024. Wolfe Research started covering the stock on July 24, 2023. It rated JBI as “an Outperform”.
Price Performance Review of JBI
On Friday, Janus International Group Inc [NYSE:JBI] saw its stock fall -0.68% to $7.35. Over the last five days, the stock has lost -1.74%. Janus International Group Inc shares have fallen nearly -43.68% since the year began. Nevertheless, the stocks have fallen -31.37% over the past one year. While a 52-week high of $15.86 was reached on 02/16/24, a 52-week low of $6.68 was recorded on 10/29/24. SMA at 50 days reached $8.53, while 200 days put it at $12.00.
Levels Of Support And Resistance For JBI Stock
The 24-hour chart illustrates a support level at 7.27, which if violated will result in even more drops to 7.20. On the upside, there is a resistance level at 7.48. A further resistance level may holdings at 7.61. The Relative Strength Index (RSI) on the 14-day chart is 40.35, 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 57.23%. Stochastics %K at 56.26% indicates the stock is a holding.
How much short interest is there in Janus International Group Inc?
A steep rise in short interest was recorded in Janus International Group Inc stocks on 2024-11-15, dropping by -8.48 million shares to a total of 13.31 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 21.79 million shares. There was a decline of -63.74%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 06, 2022 when CJS Securities began covering the stock and recommended ‘”a Market outperform”‘ rating along with a $15 price target.
