When insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to go short on the stock. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Jabil(NYSE:JBL) stock rose by 2% on Thursday after the company reported its Q4 earnings results on Wednesday, September 29, 2021 at 07:45 AM.
Here's what investors need to know about the announcement.
Analysts hailed Jabil Inc’s (NYSE:JBL) Q4 earnings results by raising their price targets. Stifel analyst Matthew Sheerin upgraded from Hold to Buy and raised the PT…
Toward the end of trading Wednesday, the Dow traded up 0.67% to 34,531.13 while the NASDAQ climbed 0.33% to 14,594.58. The S&P also rose, gaining 0.58% to 4,377.81.
Midway through trading Wednesday, the Dow traded up 0.37% to 34,427.18 while the NASDAQ slipped 0.05% to 14,538.71. The S&P also rose, gaining 0.24% to 4,363.27.
Following the market opening Wednesday, the Dow traded up 0.45% to 34,453.66 while the NASDAQ rose 0.68% to 14,646.25. The S&P also rose, gaining 0.57% to 4,377.42.