The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. JELD-WEN Holding Inc shares valued at $4,526,370 were purchased by Turtle Creek Asset Management on Nov 05 ’24. At $10.06 per share, Turtle Creek Asset Management acquired 450,000 shares. The insider’s holdings grew to 11,751,912 shares worth approximately $90.61 million following the completion of this transaction.
Also, Turtle Creek Asset Management purchased 350,000 shares, netting a total of over 3,747,310 in proceeds. Following the buying of shares at $10.71 each, the insider now holds 11,872,529 shares.
Before that, Turtle Creek Asset Management had added 200,000 shares to its account. In a trade valued at $2,095,020, the 10% Owner bought JELD-WEN Holding Inc shares for $10.48 each. Upon closing the transaction, the insider’s holdings increased to 200,000 shares, worth approximately $92.07 million.
As published in a research note from UBS on January 08, 2025, JELD-WEN Holding Inc [JELD] has been rated down from a Buy to a Neutral and the price target has been revised to $9 from $15. Analysts at Loop Capital started covering the stock with ‘”a Hold”‘ outlook in a report released in mid February. As of January 19, 2024, Oppenheimer has initiated its “Perform” rating for JELD. Earlier on December 20, 2022, JP Morgan upgraded its rating. Their new recommendation was “a Neutral” for JELD stock which previously was a “an Underweight”.
Analyzing JELD Stock Performance
During the last five days, there has been a drop of approximately -5.86%. Over the course of the year, JELD-WEN Holding Inc shares have dropped approximately -5.86%. Shares of the company reached a 52-week high of $8.52 on 01/02/25 and a 52-week low of $7.59 on 01/08/25. A 50-day SMA is recorded $10.35, while a 200-day SMA reached $14.42. Nevertheless, trading volume fell to 1.03 million shares from 0.91 million shares the previous day.
Support And Resistance Levels for JELD-WEN Holding Inc (JELD)
According to the 24-hour chart, there is a support level at 7.59, which, if violated, would cause prices to drop to 7.48. In the upper region, resistance lies at 7.82. The next price resistance is at 7.94. RSI (Relative Strength Index) is 21.58 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.35, which suggests the price will decrease in the coming days. Percent R is at 94.92%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
