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Argus downgrades Jabil Inc (JBL) rating to a Hold

Jabil Inc’s recent filing unveils that its Director HOLLAND CHRISTOPHER S unloaded Company’s shares for reported $0.55 million on Jan 31 ’25. In the deal valued at $162.27 per share,3,400 shares were sold. As a result of this transaction, HOLLAND CHRISTOPHER S now holds 12,900 shares worth roughly $1.78 million.

Then, CHRISTOPHER HOLLAND bought 3,400 shares, generating $551,728 in total proceeds.

Before that, PLANT JOHN C sold 50,000 shares. Jabil Inc shares valued at $8,627,280 were divested by the Director at a price of $172.55 per share. As a result of the transaction, PLANT JOHN C now holds 5,900 shares, worth roughly $0.82 million.

Argus downgraded its Jabil Inc [JBL] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who remained covering the stock and in mid January has reiterated a ‘”an Overweight”‘ rating for it. Barclays began covering JBL with “an Overweight” recommendation on September 07, 2023.

Price Performance Review of JBL

On Monday, Jabil Inc [NYSE:JBL] saw its stock jump 1.78% to $138.35. Over the last five days, the stock has gained 3.75%. Jabil Inc shares have fallen nearly -3.86% since the year began. Nevertheless, the stocks have fallen -7.02% over the past one year. While a 52-week high of $174.80 was reached on 01/24/25, a 52-week low of $95.85 was recorded on 03/13/25. SMA at 50 days reached $156.18, while 200 days put it at $128.57.

Levels Of Support And Resistance For JBL Stock

The 24-hour chart illustrates a support level at 135.42, which if violated will result in even more drops to 132.49. On the upside, there is a resistance level at 140.54. A further resistance level may holdings at 142.73. The Relative Strength Index (RSI) on the 14-day chart is 37.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.63, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.96%. Stochastics %K at 15.95% indicates the stock is a buying.

How much short interest is there in Jabil Inc?

A steep rise in short interest was recorded in Jabil Inc stocks on 2025-02-28, growing by 0.34 million shares to a total of 2.9 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 2.56 million shares. There was a rise of 11.66%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on December 13, 2022 when UBS began covering the stock and recommended ‘”a Neutral”‘ rating along with a $76 price target.

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