Why Is Janus (JBI) Stock Rocketing Higher Today
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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.
The shares closed the day at $9.11, up 13.2% from previous close.
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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 23.3% since the beginning of the year, but at $9.11 per share, it is still trading 40.5% 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 $913.74.
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