Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. JPMorgan Chase & Co. shares valued at $32,824,625 were sold by DIMON JAMES on Apr 15 ’24. At $184.18 per share, DIMON JAMES sold 178,222 shares. The insider’s holdings dropped to 264,461 shares worth approximately $47.93 million following the completion of this transaction.
Also, Beer Lori A sold 3,920 shares, netting a total of over 765,805 in proceeds. Following the sale of shares at $195.36 each, the insider now holds 64,783 shares.
Before that, DIMON JAMES had sold 821,778 shares from its account. In a trade valued at $150,167,221, the Chairman & CEO traded JPMorgan Chase & Co. shares for $182.73 each. Upon closing the transaction, the insider’s holdings decreased to 821,778 shares, worth approximately $107.9 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 drop of approximately -7.26%. Over the course of the year, JPMorgan Chase & Co. shares have jumped approximately 6.55%. Shares of the company reached a 52-week high of $200.94 on 04/01/24 and a 52-week low of $164.30 on 01/16/24. A 50-day SMA is recorded $188.03, while a 200-day SMA reached $162.68. Nevertheless, trading volume fell to 9.55 million shares from 9.02 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 179.69, which, if violated, would cause prices to drop to 178.14. In the upper region, resistance lies at 183.08. The next price resistance is at 184.92. RSI (Relative Strength Index) is 32.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -10.97, which suggests the price will decrease in the coming days. Percent R is at 90.57%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
