Westfield Capital Management Co. has taken a new position in Jabil (JBL) while many companies like
Envestnet Portfolio Solutions Inc. and QRG Capital Management Inc. have sold parts of their Jabil holdings. There were also a significant number of insider sales by senior executives;
May Yee Yap, Jabil's SVP, and Fredric Mccoy, EVP of Operations, selling respective shares. A
quarterly dividend has been declared by Jabil Inc., while short interest in the stock grew about
50.3%. There is a mixed reception towards the stocks, with some investors buying into it like the US Bancorp DE and the
State Board of Administration of Florida Retirement System raising their positions while others are reducing stakes like the
Swiss National Bank and Janney Montgomery Scott LLC. With the
CEO Kenny Wilson on paid leave pending an investigation, it has caused a fluctuation in Jabil's stock prices. Despite significant returns over the past five years, Jabil's Q3 earnings fell year on year and the stock dropped by 12%, on the day of its earnings announcement. The future projections are mixed with analysts raising Jabil's stock price targets amid a positive market outlook and the company maintaining its 2024 fiscal year guidance, however, with
Jabil lowering its FY24 outlook after a Q2 revenue dip, there are concerns over future growth.
Jabil Stocks JBL News Analytics from Thu, 28 Sep 2023 07:00:00 GMT to Sun, 21 Jul 2024 20:15:08 GMT -
Rating -5
- Innovation 0
- Information 8
- Rumor -6
