Jabil Inc's stock (
JBL) recently experienced a slight 0.24% decline. Short interest in JBL also increased by 12.1% in August and experienced a significant drop post-Q3 earnings, despite beating estimates. Multiple investment bodies including
Empirical Finance LLC, Zurcher Kantonalbank Zurich Cantonalbank, and
Bank of New York Mellon Corp have notably increased their holdings in JBL. However,
BNP PARIBAS ASSET MANAGEMENT decreased their stock position. Among insiders,
Frederic Mccoy, EVP, Operations, and
May Yap, SVP, Chief Information Officer, sold shares.
J.P. Morgan recently cut price target for JBL, while its Q3 earnings topped estimates despite a year on year top line fall. Jabil followed weak Q3 results with a weak FY24 outlook. Notably, the company saw a massive gain of 342% for investors who entered five years ago.
Kenny Wilson, Jabil's CEO, is currently on paid leave pending an investigation. Jabil's stock fell after second quarter revenue miss and a weak forecast, but Q3 results showed revenues beat expectations. The company continues to face calls for investigation over shareholder claims. Jabil's stock, after a revenue decline on FY24 outlook, managed to outperform the broader market. The stock has attracted investor attention, as some debate whether it's undervalued by 34%.
Jabil Stocks JBL News Analytics from Wed, 29 Nov 2023 08:00:00 GMT to Sun, 01 Sep 2024 13:27:03 GMT -
Rating -2
- Innovation 4
- Information 5
- Rumor -2
