Jakks Pacific Inc’s filing revealed that its Chief Financial Officer Kimble John Louis unloaded Company’s shares for reported $1.33 million on Nov 21 ’24. In the deal valued at $27.62 per share,48,253 shares were sold. As a result of this transaction, Kimble John Louis now holds 95,544 shares worth roughly $2.6 million.
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Then, Kimble John Louis bought 48,253 shares, generating $1,377,141 in total proceeds.
Before that, Rosen Lawrence I bought 10,088 shares. Jakks Pacific Inc shares valued at $177,319 were divested by the 10% Owner at a price of $17.58 per share. As a result of the transaction, Rosen Lawrence I now holds 1,885,672 shares, worth roughly $51.35 million.
B. Riley Securities initiated its Jakks Pacific Inc [JAKK] rating to a Buy in a research note published on September 17, 2024; the price target was $37. A number of analysts have revised their coverage, including Maxim Group’s analysts, who began to cover the stock in late August with a ‘”a Buy”‘ rating. Jefferies also remained covering JAKK and has increased its forecast on January 12, 2023 with a “Buy” recommendation from previously “Hold” rating. BMO Capital Markets revised its rating on May 03, 2022. It rated JAKK as “an Outperform” which previously was an “a Market perform”.
Price Performance Review of JAKK
On Tuesday, Jakks Pacific Inc [NASDAQ:JAKK] saw its stock jump 0.52% to $27.23. Over the last five days, the stock has gained 2.29%. Jakks Pacific Inc shares have fallen nearly -23.40% since the year began. Nevertheless, the stocks have fallen -21.03% over the past one year. While a 52-week high of $36.84 was reached on 01/08/24, a 52-week low of $17.06 was recorded on 06/20/24. SMA at 50 days reached $27.76, while 200 days put it at $23.02.
Levels Of Support And Resistance For JAKK Stock
The 24-hour chart illustrates a support level at 26.76, which if violated will result in even more drops to 26.30. On the upside, there is a resistance level at 27.63. A further resistance level may holdings at 28.03. The Relative Strength Index (RSI) on the 14-day chart is 48.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 49.87%. Stochastics %K at 40.00% indicates the stock is a holding.
How much short interest is there in Jakks Pacific Inc?
A steep rise in short interest was recorded in Jakks Pacific Inc stocks on 2024-11-29, dropping by -0.12 million shares to a total of 0.17 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.29 million shares. There was a decline of -72.37%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 30, 2017 when Stifel resumed its ‘”a Hold”‘ rating for the stock and retained the price target to $3.30.
