JPMorgan Chase & Co.’s filing revealed that its Chief Information Officer Beer Lori A unloaded Company’s shares for reported $0.77 million on Mar 25 ’24. In the deal valued at $195.36 per share,3,920 shares were sold. As a result of this transaction, Beer Lori A now holds 64,783 shares worth roughly $12.86 million.
Then, DIMON JAMES sold 821,778 shares, generating $150,167,221 in total proceeds. Upon selling the shares at $182.73, the Chairman & CEO now owns 595,316 shares.
Before that, Rohrbaugh Troy L sold 75,000 shares. JPMorgan Chase & Co. shares valued at $13,705,155 were divested by the Co-CEO Comm. & Invest. Bank at a price of $182.74 per share. As a result of the transaction, Rohrbaugh Troy L now holds 166,289 shares, worth roughly $33.01 million.
Deutsche Bank upgraded its JPMorgan Chase & Co. [JPM] rating to a Buy from a a Hold in a research note published on January 09, 2024; the price target was increased to $190 from $140. A number of analysts have revised their coverage, including Daiwa Securities’s analysts, who increased its forecast for the stock in mid December from “an Outperform” to “a Buy”. Odeon also remained covering JPM and has decreased its forecast on November 02, 2023 with a “Hold” recommendation from previously “Buy” rating. HSBC Securities started covering the stock on September 07, 2023. It rated JPM as “a Hold”.
Price Performance Review of JPM
On Monday, JPMorgan Chase & Co. [NYSE:JPM] saw its stock jump 0.52% to $198.48. Over the last five days, the stock has lost -0.23%. JPMorgan Chase & Co. shares have risen nearly 16.68% since the year began. Nevertheless, the stocks have risen 55.54% over the past one year. While a 52-week high of $200.94 was reached on 04/01/24, a 52-week low of $126.22 was recorded on 01/16/24. SMA at 50 days reached $185.99, while 200 days put it at $160.85. A total of 8.0 million shares were traded, compared to the trading of 1.7 million shares in the previous session.
Levels Of Support And Resistance For JPM Stock
The 24-hour chart illustrates a support level at 197.74, which if violated will result in even more drops to 197.00. On the upside, there is a resistance level at 199.10. A further resistance level may holdings at 199.72. The Relative Strength Index (RSI) on the 14-day chart is 63.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 28.74%. Stochastics %K at 67.70% indicates the stock is a holding.
How much short interest is there in JPMorgan Chase & Co.?
A steep rise in short interest was recorded in JPMorgan Chase & Co. stocks on Mar 15, 2024, growing by 1.82 million shares to a total of 21.38 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 19.56 million shares. There was a rise of 8.51%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 0.75% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.69.
