Johnson & Johnson’s filing revealed that its EVP, Global Corp Affairs Broadhurst Vanessa unloaded Company’s shares for reported $1.44 million on Mar 13 ’24. In the deal valued at $162.16 per share,8,891 shares were sold. As a result of this transaction, Broadhurst Vanessa now holds 15,043 shares worth roughly $2.28 million.
Then, JOHNSON & JOHNSON sold 3,725 shares, generating $96,142 in total proceeds. Upon selling the shares at $25.81, the 10% Owner now owns 4,099,575 shares.
Before that, Taubert Jennifer L sold 59,397 shares. Johnson & Johnson shares valued at $9,281,969 were divested by the EVP, WW Chair, Pharmaceuticals at a price of $156.27 per share. As a result of the transaction, Taubert Jennifer L now holds 141,416 shares, worth roughly $21.44 million.
Wells Fargo downgraded its Johnson & Johnson [JNJ] rating to an Equal weight from a an Overweight in a research note published on December 13, 2023; the price target was decreased to $163 from $170. A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in early December from “a Neutral” to “a Buy”. RBC Capital Mkts began covering JNJ with “an Outperform” recommendation on October 05, 2023. HSBC Securities started covering the stock on September 06, 2023. It rated JNJ as “a Hold”.
Price Performance Review of JNJ
On Monday, Johnson & Johnson [NYSE:JNJ] saw its stock fall -0.52% to $151.59. Over the last five days, the stock has lost -3.92%. Johnson & Johnson shares have fallen nearly -3.29% since the year began. Nevertheless, the stocks have fallen -8.47% over the past one year. While a 52-week high of $175.97 was reached on 01/22/24, a 52-week low of $144.95 was recorded on 04/08/24. SMA at 50 days reached $158.00, while 200 days put it at $159.21. A total of 5.93 million shares were traded, compared to the trading of 1.65 million shares in the previous session.
Levels Of Support And Resistance For JNJ Stock
The 24-hour chart illustrates a support level at 151.09, which if violated will result in even more drops to 150.59. On the upside, there is a resistance level at 152.56. A further resistance level may holdings at 153.54. The Relative Strength Index (RSI) on the 14-day chart is 29.74, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.60%. Stochastics %K at 4.03% indicates the stock is a buying.
How much short interest is there in Johnson & Johnson?
A steep rise in short interest was recorded in Johnson & Johnson stocks on Mar 15, 2024, growing by 4.88 million shares to a total of 15.84 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 10.96 million shares. There was a rise of 30.81%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 0.66% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.19.
