A new wave of investment activity reflects the growing interest in
Jabil Inc. (NYSE:JBL). Various funds such as
Highland Capital Management,
Empowered Funds LLC,
Duality Advisers LP,
Nordea Investment Management AB and others have significantly grown their stock positions. This is despite Jabil's stock experiencing a
drop of 12%, due to mixed Q3 earnings and the announcement of CEO Kenny Wilson's paid leave pending investigation. Even so, Jabil outperformed broader market trends, surpassing Q3 earnings and revenue estimates. This draws attention to Jabil's future prospects, with insights pointing to a need for a boost.
Artificial intelligence(AI) has also been named a potential catalyst for the stock's future surge. However, concerns are raised by figures from within the company, as CIO May Yap and CEO Kenneth Wilson sold shares of Jabil. Furthermore, despite beating EPS and revenue for Q3 2024,
Jabil's stock faced decline in the wake of reduced revenue outlook, as well as lowered FY24 outlook following Q2 revenue dip.
Jabil Stocks JBL News Analytics from Thu, 28 Sep 2023 07:00:00 GMT to Sun, 14 Jul 2024 16:46:01 GMT -
Rating -2
- Innovation 5
- Information 7
- Rumor -2
