Jabil Circuit (JBL) : Traders are bullish on Jabil Circuit (JBL) as it has outperformed the S&P 500 by a wide margin of 0.28% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.52%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.58% in the last 1 week, and is up 1.31% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 2.12% and the 50-Day Moving Average is 7.45%. Jabil Circuit (NYSE:JBL): On Fridays trading session , Opening price of the stock was $20.89 with an intraday high of $20.89. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $20.75. However, the stock managed to close at $20.84, a loss of 0.29% for the day. On the previous day, the stock had closed at $20.9. The total traded volume of the day was 1,127,303 shares.
The company Insiders own 2.9% of Jabil Circuit shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -2.02% . Institutional Investors own 88.42% of Jabil Circuit shares. During last six month period, the net percent change held by insiders has seen a change of -2.36%. Also, Major Brokerage house, Raymond James upgrades its ratings on Jabil Circuit (NYSE:JBL). According to the latest information available, the shares are now rated Strong Buy by the analysts at the agency. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on July 15, 2016.
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.