Jabil Inc. (NYSE:JBL) Director Anousheh Ansari recently sold 1,000 shares of the company's common stock, according to a filing with the Securities and Exchange Commission. The shares were sold at a price of $155.00 each, totaling $155,000. Following the transaction, Ansari now holds 38,600 shares of Jabil Inc. stock. This transaction was executed on January 7, 2025, with the stock trading near its 52-week high of $156.94 and showing strong momentum with a 35.6% return over the past six months.According to InvestingPro analysis, while management has been actively buying back shares, technical indicators suggest the stock is currently in overbought territory. For deeper insights into Jabil's insider trading patterns and comprehensive analysis, investors can access the detailed Pro Research Report, available exclusively on InvestingPro.
In other recent news, manufacturing services firm Jabil has issued a warrant to Amazon.com (NASDAQ:AMZN), allowing the e-commerce giant to purchase up to 1.16 million shares in the company. The initial exercise price for these shares has been set at $137.77 each. In other developments, Jabil's fiscal first quarter sales and earnings per share exceeded projections, leading Stifel analyst Matthew Sheerin to increase Jabil's stock price target to $160 from $150. The company also reported a year-over-year sales growth of approximately 1%, primarily driven by strong performance in cloud and data center infrastructure. Furthermore, Jabil has raised its overall fiscal year 2025 sales and earnings per share guidance modestly, despite facing challenges in the electric vehicles and renewables sectors. These are recent developments that have put Jabil in the spotlight.
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