Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. New Jersey Resources Corporation shares valued at $58,650 were sold by Bel Roberto on Mar 31 ’25. At $50.00 per share, Bel Roberto sold 1,173 shares. The insider’s holdings dropped to 22,649 shares worth approximately $1.13 million following the completion of this transaction.
Also, Bel Roberto purchased 1,173 shares, netting a total of over 58,650 in proceeds.
Before that, Bel Roberto had sold 2,346 shares from its account. In a trade valued at $113,964, the SVP and CFO traded New Jersey Resources Corporation shares for $48.58 each. Upon closing the transaction, the insider’s holdings decreased to 2,346 shares, worth approximately $1.18 million.
As published in their initiating research note from Jefferies on April 01, 2025, New Jersey Resources Corporation [NJR] has been a Hold and the price target has been revised to $51. Analysts at JP Morgan upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in mid December. As of September 21, 2023, JP Morgan has increased its “an Underweight” rating to a “Neutral” for NJR. Earlier on September 09, 2022, JP Morgan downgraded its rating. Their new recommendation was “an Underweight” for NJR stock which previously was a “a Neutral”.
Analyzing NJR Stock Performance
During the last five days, there has been a surge of approximately 4.68%. Over the course of the year, New Jersey Resources Corporation shares have jumped approximately 6.54%. Shares of the company reached a 52-week high of $50.34 on 04/03/25 and a 52-week low of $44.90 on 01/13/25. A 50-day SMA is recorded $47.89, while a 200-day SMA reached $46.90.
Support And Resistance Levels for New Jersey Resources Corporation (NJR)
According to the 24-hour chart, there is a support level at 48.93, which, if violated, would cause prices to drop to 48.15. In the upper region, resistance lies at 50.33. The next price resistance is at 50.95. RSI (Relative Strength Index) is 60.77 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.58, which suggests the price will decrease in the coming days. Percent R is at 13.25%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
