Jefferies Financial Group Inc’s filing revealed that its President FRIEDMAN BRIAN P unloaded Company’s shares for reported $28.39 million on Nov 06 ’24. In the deal valued at $72.17 per share,393,397 shares were sold. As a result of this transaction, FRIEDMAN BRIAN P now holds 560,507 shares worth roughly $39.73 million.
Then, HANDLER RICHARD B sold 400,000 shares, generating $28,902,360 in total proceeds. Upon selling the shares at $72.26, the CEO now owns 14,971,288 shares.
Before that, FRIEDMAN BRIAN P bought 393,397 shares. Jefferies Financial Group Inc shares valued at $25,169,540 were divested by the Executive Officer & Director at a price of $63.98 per share.
Morgan Stanley upgraded its Jefferies Financial Group Inc [JEF] rating to an Overweight from a an Equal-weight in a research note published on December 09, 2024; the price target was increased to $97 from $67. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in mid September with a ‘”a Buy”‘ rating. Goldman also remained covering JEF and has increased its forecast on August 22, 2023 with a “Buy” recommendation from previously “Neutral” rating. Morgan Stanley revised its rating on July 12, 2023. It rated JEF as “an Equal-weight” which previously was an “an Underweight”.
Price Performance Review of JEF
On Monday, Jefferies Financial Group Inc [NYSE:JEF] saw its stock fall -0.84% to $70.88. Over the last five days, the stock has lost -12.49%. Jefferies Financial Group Inc shares have fallen nearly -9.59% since the year began. Nevertheless, the stocks have risen 78.81% over the past one year. While a 52-week high of $82.68 was reached on 01/06/25, a 52-week low of $38.77 was recorded on 01/13/25. SMA at 50 days reached $75.90, while 200 days put it at $58.48.
Levels Of Support And Resistance For JEF Stock
The 24-hour chart illustrates a support level at 69.74, which if violated will result in even more drops to 68.59. On the upside, there is a resistance level at 71.72. A further resistance level may holdings at 72.56. The Relative Strength Index (RSI) on the 14-day chart is 33.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.81, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.09%. Stochastics %K at 30.40% indicates the stock is a holding.
How much short interest is there in Jefferies Financial Group Inc?
A steep rise in short interest was recorded in Jefferies Financial Group Inc stocks on 2024-12-13, dropping by -0.39 million shares to a total of 11.79 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 12.18 million shares. There was a decline of -3.27%, which implies that there is a negative sentiment for the stock.
