New Jersey Resources Corporation’s filing revealed that its SVP and CFO Bel Roberto unloaded Company’s shares for reported $0.11 million on Mar 24 ’25. In the deal valued at $48.58 per share,2,346 shares were sold. As a result of this transaction, Bel Roberto now holds 23,822 shares worth roughly $1.14 million.
Then, Bel Roberto bought 2,346 shares, generating $114,132 in total proceeds.
Before that, Migliaccio Patrick J. sold 4,983 shares. New Jersey Resources Corporation shares valued at $229,218 were divested by the Senior VP and COO, NJNG at a price of $46.00 per share. As a result of the transaction, Migliaccio Patrick J. now holds 37,124 shares, worth roughly $1.78 million.
JP Morgan upgraded its New Jersey Resources Corporation [NJR] rating to an Overweight from a a Neutral in a research note published on December 12, 2024; the price target was increased to $54 from $52. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in late September from “an Underweight” to “a Neutral”. JP Morgan also remained covering NJR and has decreased its forecast on September 09, 2022 with a “an Underweight” recommendation from previously “Neutral” rating. Mizuho revised its rating on January 05, 2022. It rated NJR as “a Neutral” which previously was an “a Buy”.
Price Performance Review of NJR
On Tuesday, New Jersey Resources Corporation [NYSE:NJR] saw its stock fall -1.26% to $47.89. Over the last five days, the stock has lost -2.44%. New Jersey Resources Corporation shares have risen nearly 2.66% since the year began. Nevertheless, the stocks have risen 14.62% over the past one year. While a 52-week high of $51.94 was reached on 03/17/25, a 52-week low of $40.62 was recorded on 01/13/25. SMA at 50 days reached $47.46, while 200 days put it at $46.43.
Levels Of Support And Resistance For NJR Stock
The 24-hour chart illustrates a support level at 47.52, which if violated will result in even more drops to 47.15. On the upside, there is a resistance level at 48.35. A further resistance level may holdings at 48.81. The Relative Strength Index (RSI) on the 14-day chart is 47.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.09%. Stochastics %K at 49.33% indicates the stock is a holding.
How much short interest is there in New Jersey Resources Corporation?
A steep rise in short interest was recorded in New Jersey Resources Corporation stocks on 2025-02-28, growing by 0.17 million shares to a total of 2.34 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 2.18 million shares. There was a rise of 7.12%, which implies that there is a positive sentiment for the stock.
