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 Controls International plc shares valued at $11,848 were sold by Vandiepenbeeck Marc on Apr 22 ’24. At $63.70 per share, Vandiepenbeeck Marc sold 186 shares. The insider’s holdings dropped to 44,315 shares worth approximately $2.86 million following the completion of this transaction.
Also, Vandiepenbeeck Marc sold 186 shares, netting a total of over 12,183 in proceeds. Following the sale of shares at $65.50 each, the insider now holds 44,501 shares.
Before that, Vandiepenbeeck Marc had sold 186 shares from its account. In a trade valued at $11,880, the EVP and CFO traded Johnson Controls International plc shares for $63.87 each. Upon closing the transaction, the insider’s holdings decreased to 186 shares, worth approximately $2.88 million.
As published in a research note from Mizuho on February 23, 2024, Johnson Controls International plc [JCI] has been rated down from a Buy to a Neutral and the price target has been revised to $62. Analysts at Argus downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid February. As of January 31, 2024, HSBC Securities has decreased its “Buy” rating to a “Hold” for JCI. Earlier on January 31, 2024, Deutsche Bank downgraded its rating. Their new recommendation was “a Hold” for JCI stock which previously was a “a Buy”.
Analyzing JCI Stock Performance
During the last five days, there has been a surge of approximately 1.07%. Over the course of the year, Johnson Controls International plc shares have jumped approximately 11.81%. Shares of the company reached a 52-week high of $66.49 on 04/04/24 and a 52-week low of $51.71 on 01/17/24. A 50-day SMA is recorded $62.47, while a 200-day SMA reached $57.87. Nevertheless, trading volume fell to 5.04 million shares from 7.31 million shares the previous day.
Support And Resistance Levels for Johnson Controls International plc (JCI)
According to the 24-hour chart, there is a support level at 63.89, which, if violated, would cause prices to drop to 63.34. In the upper region, resistance lies at 64.89. The next price resistance is at 65.34. RSI (Relative Strength Index) is 54.13 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.10, which suggests the price will decrease in the coming days. Percent R is at 58.92%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
