Shares Of Jefferies Group (JEF) Down Nearly 3.5%

Shares of Jefferies Group Inc (NYSE: JEF) closed Monday trading down 3.47% at $22.54 per share.

Volume of 1.5 million shares was slightly lower than the daily average volume of 1.7 million shares.

The day's trading range for shares of Jefferies Group Inc was between $22.52 and $23.32 per share.

Goldman Sachs Group analysts Richard Ramsden, Brian Foran, Daniel Harris and Jessica Binder Graham put Jefferies Group Inc onto their Conviction Sell List, with a price target of $22 per share.

They said that less favorable conditions in the core businesses of Jefferies Group Inc were among the reasons for their move.