Following these proceedings, Jefferies initiated its JBT Marel Corp [JBTM] rating to a Hold in a research note published on December 12, 2024; the price target was $130. A number of analysts have revised their coverage, including CJS Securities’s analysts, who began to cover the stock in mid December with a ‘”a Market outperform”‘ rating. William Blair also remained covering JBTM and has decreased its forecast on October 27, 2022 with a “Mkt perform” recommendation from previously “an Outperform” rating. JP Morgan revised its rating on October 04, 2021. It rated JBTM as “a Neutral” which previously was an “an Underweight”.
Price Performance Review of JBTM
On Tuesday, JBT Marel Corp [NYSE:JBTM] saw its stock fall -3.02% to $123.86. Over the last five days, the stock has lost -2.79%. JBT Marel Corp shares have fallen nearly -2.55% since the year began. Nevertheless, the stocks have risen 34.56% over the past one year. While a 52-week high of $132.69 was reached on 01/03/25, a 52-week low of $82.64 was recorded on 01/07/25. SMA at 50 days reached $121.80, while 200 days put it at $101.25.
Levels Of Support And Resistance For JBTM Stock
The 24-hour chart illustrates a support level at 122.28, which if violated will result in even more drops to 120.70. On the upside, there is a resistance level at 126.22. A further resistance level may holdings at 128.58. The Relative Strength Index (RSI) on the 14-day chart is 48.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.46%. Stochastics %K at 47.67% indicates the stock is a holding.
How much short interest is there in JBT Marel Corp?
A steep rise in short interest was recorded in JBT Marel Corp stocks on 2024-12-13, growing by 1.47 million shares to a total of 4.23 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 2.75 million shares. There was a rise of 34.84%, which implies that there is a positive sentiment for the stock.
