JPMorgan Chase & Co.’s recently made public that its Chairman & CEO DIMON JAMES unloaded Company’s shares for reported $32.82 million on Apr 15 ’24. In the deal valued at $184.18 per share,178,222 shares were sold. As a result of this transaction, DIMON JAMES now holds 264,461 shares worth roughly $50.09 million.
Then, Beer Lori A sold 3,920 shares, generating $765,805 in total proceeds. Upon selling the shares at $195.36, the Chief Information Officer now owns 64,783 shares.
Before that, DIMON JAMES sold 821,778 shares. JPMorgan Chase & Co. shares valued at $150,167,221 were divested by the Chairman & CEO at a price of $182.73 per share. As a result of the transaction, DIMON JAMES now holds 595,316 shares, worth roughly $112.76 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 1.94% to $189.41. Over the last five days, the stock has gained 3.56%. JPMorgan Chase & Co. shares have risen nearly 11.35% since the year began. Nevertheless, the stocks have risen 34.51% over the past one year. While a 52-week high of $200.94 was reached on 04/01/24, a 52-week low of $131.81 was recorded on 01/16/24. SMA at 50 days reached $188.53, while 200 days put it at $163.11. A total of 11.52 million shares were traded, compared to the trading of 13.4 million shares in the previous session.
Levels Of Support And Resistance For JPM Stock
The 24-hour chart illustrates a support level at 186.88, which if violated will result in even more drops to 184.36. On the upside, there is a resistance level at 191.03. A further resistance level may holdings at 192.65. The Relative Strength Index (RSI) on the 14-day chart is 49.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.15%. Stochastics %K at 30.45% indicates the stock is a holding.
