Jefferies Financial Group Inc’s recent filing unveils 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 $36.78 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 Friday, Jefferies Financial Group Inc [NYSE:JEF] saw its stock fall -1.69% to $65.62. Over the last five days, the stock has lost -7.45%. Jefferies Financial Group Inc shares have fallen nearly -16.30% since the year began. Nevertheless, the stocks have risen 59.97% over the past one year. While a 52-week high of $82.68 was reached on 01/06/25, a 52-week low of $40.71 was recorded on 02/21/25. SMA at 50 days reached $75.91, while 200 days put it at $62.58.
Levels Of Support And Resistance For JEF Stock
The 24-hour chart illustrates a support level at 64.57, which if violated will result in even more drops to 63.52. On the upside, there is a resistance level at 67.07. A further resistance level may holdings at 68.53. The Relative Strength Index (RSI) on the 14-day chart is 27.48, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.70, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.65%. Stochastics %K at 5.12% indicates the stock is a buying.
