What Did This CEO Just Do with Personal Shares of New Jersey Resources Corporation (NYSE: NJR)?

Today, the Chairman & CEO of New Jersey Resources Corporation (NJRResearch Report), Laurence Downes, sold shares of NJR for $990K.

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The company has a one-year high of $51.83 and a one-year low of $43.51. Currently, New Jersey Resources Corporation has an average volume of 395.47K. NJR’s market cap is $4.04B and the company has a P/E ratio of 29.25.

The insider sentiment on New Jersey Resources Corporation has been negative according to 61 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Laurence Downes’ trades have generated a 3.4% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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New Jersey Resources Corp. is a holding company, which provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. It operates through the following segments: New Jersey Natural Gas, NJR Clean Energy Ventures, NJR Energy Services, NJR Midstream, and NJR Home Services.