In a filing, New Jersey Resources Corporation revealed its Officer Bel Roberto acquired Company’s shares for reported $58650.0 on Mar 31 ’25. In the deal valued at $50.00 per share,1,173 shares were bought.
Then, Bel Roberto sold 2,346 shares, generating $113,964 in total proceeds. Upon selling the shares at $48.58, the SVP and CFO now owns 23,822 shares.
Before that, Bel Roberto bought 2,346 shares. New Jersey Resources Corporation shares valued at $114,132 were divested by the Officer at a price of $48.65 per share.
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 Monday, New Jersey Resources Corporation [NYSE:NJR] saw its stock fall -0.63% to $49.06. Over the last five days, the stock has gained 1.15%. New Jersey Resources Corporation shares have risen nearly 5.17% since the year began. Nevertheless, the stocks have risen 15.79% over the past one year. While a 52-week high of $51.94 was reached on 03/31/25, a 52-week low of $40.62 was recorded on 01/13/25. SMA at 50 days reached $47.65, while 200 days put it at $46.54.
Levels Of Support And Resistance For NJR Stock
The 24-hour chart illustrates a support level at 48.52, which if violated will result in even more drops to 47.99. On the upside, there is a resistance level at 49.82. A further resistance level may holdings at 50.59. The Relative Strength Index (RSI) on the 14-day chart is 57.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 38.37%. Stochastics %K at 67.41% 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 2025-03-14, dropping by -0.3 million shares to a total of 2.0 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 2.3 million shares. There was a decline of -14.9%, which implies that there is a negative sentiment for the stock.
