The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Johnson & Johnson shares valued at $1,441,765 were sold by Broadhurst Vanessa on Mar 13 ’24. At $162.16 per share, Broadhurst Vanessa sold 8,891 shares. The insider’s holdings dropped to 15,043 shares worth approximately $2.19 million following the completion of this transaction.
Also, JOHNSON & JOHNSON sold 3,725 shares, netting a total of over 96,142 in proceeds. Following the sale of shares at $25.81 each, the insider now holds 4,099,575 shares.
Before that, Taubert Jennifer L had sold 59,397 shares from its account. In a trade valued at $9,281,969, the EVP, WW Chair, Pharmaceuticals traded Johnson & Johnson shares for $156.27 each. Upon closing the transaction, the insider’s holdings decreased to 59,397 shares, worth approximately $20.61 million.
As published in a research note from HSBC Securities on April 18, 2024, Johnson & Johnson [JNJ] has been rated up from a Hold to a Buy and the price target has been revised to $170. Analysts at Wells Fargo downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in mid December. As of December 01, 2023, UBS has increased its “Neutral” rating to a “Buy” for JNJ. Earlier on October 05, 2023, RBC Capital Mkts initiated its rating. Their recommendation was “an Outperform” for JNJ stock.
Analyzing JNJ Stock Performance
During the last five days, there has been a drop of approximately -2.05%. Over the course of the year, Johnson & Johnson shares have dropped approximately -7.02%. Shares of the company reached a 52-week high of $163.58 on 01/22/24 and a 52-week low of $143.13 on 04/18/24. A 50-day SMA is recorded $156.32, while a 200-day SMA reached $158.55. Nevertheless, trading volume fell to 9.69 million shares from 9.38 million shares the previous day.
Support And Resistance Levels for Johnson & Johnson (JNJ)
According to the 24-hour chart, there is a support level at 143.98, which, if violated, would cause prices to drop to 142.22. In the upper region, resistance lies at 146.65. The next price resistance is at 147.56. RSI (Relative Strength Index) is 26.10 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.56, which suggests the price will decrease in the coming days. Percent R is at 82.62%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
