Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. JPMorgan Chase & Co. shares valued at $765,805 were sold by Beer Lori A on Mar 25 ’24. At $195.36 per share, Beer Lori A sold 3,920 shares. The insider’s holdings dropped to 64,783 shares worth approximately $12.93 million following the completion of this transaction.
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Also, DIMON JAMES sold 821,778 shares, netting a total of over 150,167,221 in proceeds. Following the sale of shares at $182.73 each, the insider now holds 595,316 shares.
Before that, Rohrbaugh Troy L had sold 75,000 shares from its account. In a trade valued at $13,705,155, the Co-CEO Comm. & Invest. Bank traded JPMorgan Chase & Co. shares for $182.74 each. Upon closing the transaction, the insider’s holdings decreased to 75,000 shares, worth approximately $33.18 million.
As published in a research note from Deutsche Bank on January 09, 2024, JPMorgan Chase & Co. [JPM] has been rated up from a Hold to a Buy and the price target has been revised to $190 from $140. Analysts at Daiwa Securities upgraded the stock from ‘”an Outperform”‘ to ‘”a Buy”‘ outlook in a report released in mid December. As of November 02, 2023, Odeon has decreased its “Buy” rating to a “Hold” for JPM. Earlier on September 07, 2023, HSBC Securities initiated its rating. Their recommendation was “a Hold” for JPM stock.
Analyzing JPM Stock Performance
During the last five days, there has been a surge of approximately 1.62%. Over the course of the year, JPMorgan Chase & Co. shares have jumped approximately 17.30%. Shares of the company reached a 52-week high of $200.48 on 03/22/24 and a 52-week low of $164.30 on 01/16/24. A 50-day SMA is recorded $181.97, while a 200-day SMA reached $158.89. Nevertheless, trading volume fell to 8.72 million shares from 5.96 million shares the previous day.
Support And Resistance Levels for JPMorgan Chase & Co. (JPM)
According to the 24-hour chart, there is a support level at 197.40, which, if violated, would cause prices to drop to 195.28. In the upper region, resistance lies at 200.62. The next price resistance is at 201.72. RSI (Relative Strength Index) is 71.98 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.51, which suggests the price will increase in the coming days. Percent R is at 6.73%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is JPMorgan Chase & Co. subject to short interest?
Stocks of JPMorgan Chase & Co. saw a sharp rise in short interest on Feb 29, 2024 jumping by 1.24 million shares to 18.81 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 17.57 million shares. A jump of 6.59% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.35 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.35.
