Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Jakks Pacific Inc shares valued at $1,332,748 were sold by Kimble John Louis on Nov 21 ’24. At $27.62 per share, Kimble John Louis sold 48,253 shares. The insider’s holdings dropped to 95,544 shares worth approximately $2.72 million following the completion of this transaction.
Also, Kimble John Louis purchased 48,253 shares, netting a total of over 1,377,141 in proceeds.
Before that, Rosen Lawrence I had added 10,088 shares to its account. In a trade valued at $177,319, the 10% Owner bought Jakks Pacific Inc shares for $17.58 each. Upon closing the transaction, the insider’s holdings increased to 10,088 shares, worth approximately $53.63 million.
As published in their initiating research note from B. Riley Securities on September 17, 2024, Jakks Pacific Inc [JAKK] has been a Buy and the price target has been revised to $37. Analysts at Maxim Group started covering the stock with ‘”a Buy”‘ outlook in a report released in late August. As of January 12, 2023, Jefferies has increased its “Hold” rating to a “Buy” for JAKK. Earlier on May 03, 2022, BMO Capital Markets upgraded its rating. Their new recommendation was “an Outperform” for JAKK stock which previously was a “a Market perform”.
Analyzing JAKK Stock Performance
During the last five days, there has been a surge of approximately 1.03%. Over the course of the year, Jakks Pacific Inc shares have jumped approximately 1.03%. Shares of the company reached a 52-week high of $29.77 on 01/06/25 and a 52-week low of $27.58 on 01/02/25. A 50-day SMA is recorded $28.19, while a 200-day SMA reached $23.20. Nevertheless, trading volume fell to 67416.0 shares from 0.12 million shares the previous day.
Support And Resistance Levels for Jakks Pacific Inc (JAKK)
According to the 24-hour chart, there is a support level at 28.08, which, if violated, would cause prices to drop to 27.71. In the upper region, resistance lies at 28.70. The next price resistance is at 28.96. RSI (Relative Strength Index) is 56.23 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.09, which suggests the price will increase in the coming days. Percent R is at 29.90%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
