Why Is Janus (JBI) Stock Rocketing Higher Today

StockStory
27 Feb
Why Is Janus (JBI) Stock Rocketing Higher Today

What Happened?

Shares of self-storage and building solutions company Janus (NYSE:JBI) jumped 18% in the pre-market session after the company reported strong fourth quarter results which blew past analysts' revenue, EBITDA, and EPS expectations. Looking ahead, full-year revenue and EBITDA guidance also beat Wall Street's estimates. Overall, this was a strong quarter.

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What The Market Is Telling Us

Janus’s shares are somewhat volatile and have had 11 moves greater than 5% over the last year. But moves this big are rare even for Janus and indicate this news significantly impacted the market’s perception of the business.

Janus is up 24.5% since the beginning of the year, but at $9.20 per share, it is still trading 39.8% below its 52-week high of $15.30 from March 2024. Investors who bought $1,000 worth of Janus’s shares 5 years ago would now be looking at an investment worth $923.07.

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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