Jabil Circuit (NYSE:JBL) has climbed 0.48% in the past week and advanced 7.79% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 1.68% and the outperformance has advanced to 6.81% for the last 4 weeks period.
Jabil Circuit (NYSE:JBL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $18.74 and $18.66 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.98. The buying momentum continued till the end and the stock did not give up its gains. It closed at $18.95, notching a gain of 0.91% for the day. The total traded volume was 4,794,070 . The stock had closed at $18.78 on the previous day.
The company shares have dropped -16.15% from its 1 Year high price. On Dec 4, 2015, the shares registered one year high at $26.00 and the one year low was seen on May 13, 2016. The 50-Day Moving Average price is $18.11 and the 200 Day Moving Average price is recorded at $20.06.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Cadavid Sergio, officer (SVP, Treasurer) of Jabil Circuit Inc, had unloaded 3,098 shares at an average price of $21.5 in a transaction dated on March 2, 2016. The total value of the transaction was worth $66,607.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Deutsche Bank, maintains their rating on the shares of Jabil Circuit (NYSE:JBL). Deutsche Bank has a Hold rating on the shares. As per the latest research report, the brokerage house lowers the price target to $18 per share from a prior target of $21. The rating by the firm was issued on June 16, 2016. Currently the company Insiders own 2.9% of Jabil Circuit shares according to the proxy statements. Institutional Investors own 92.46% of Jabil Circuit shares. During last six month period, the net percent change held by insiders has seen a change of -3.26%.
Jabil Circuit, Inc. provides electronic manufacturing services and solutions. The Company provides electronic design, production and product management services to companies in the aerospace, automotive, computing, defense, digital home, energy, healthcare, industrial, instrumentation, lifestyles, mobility, mold, networking, packaging, peripherals, storage, telecommunications and wearable technology industries. The Companys operating segments include Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS). The EMS segment is focused around leveraging information technology (IT), supply chain design and engineering, technologies centered on core electronics. The DMS segment is focused on providing engineering solutions, heavy participation in consumer markets, access to higher growth markets and a focus on material sciences and technologies.