Jabil Circuit stock reached an all-time high of $258.31, surpassing its 52-week high. The stock has increased 51.77% over the past year and delivered a 44.5% return during the period covered by these reports. The company announced significant board changes, including the appointment of a new Chairman and two new directors with industry experience. Two existing board members resigned after unsuccessful re-election efforts by shareholders. Contributing factors to the stock movement include investor confidence in strategic initiatives and aggressive share buyback programs. The company has maintained 21 consecutive years of dividend payments. Recent corporate activities included pricing $1 billion in senior notes for debt refinancing and investing in Eagle Harbor Technologies, Inc. These board changes and corporate actions occurred while the stock was trading around $236 to $258.
Read full analysisJabil Circuit stock reached an all-time high of $258.31, surpassing its 52-week high. The stock has increased 51.77% over the past year and delivered a 44.5% return during the period covered by these reports. The company announced significant board changes, including the appointment of a new Chairman and two new directors with industry experience. Two existing board members resigned after unsuccessful re-election efforts by shareholders. Contributing factors to the stock movement include investor confidence in strategic initiatives and aggressive share buyback programs. The company has maintained 21 consecutive years of dividend payments. Recent corporate activities included pricing $1 billion in senior notes for debt refinancing and investing in Eagle Harbor Technologies, Inc. These board changes and corporate actions occurred while the stock was trading around $236 to $258.
Jabil Inc (JBL) is a publicly traded company in the Industrials sector.