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Recent Insider Activity Could Benefit Johnson Controls International plc (JCI)

Johnson Controls International plc’s filing revealed that its EVP and CFO Vandiepenbeeck Marc unloaded Company’s shares for reported $11392.0 on May 03 ’24. In the deal valued at $61.25 per share,186 shares were sold. As a result of this transaction, Vandiepenbeeck Marc now holds 44,369 shares worth roughly $2.81 million.

Then, Vandiepenbeeck Marc sold 186 shares, generating $11,848 in total proceeds. Upon selling the shares at $63.70, the EVP and CFO now owns 44,315 shares.

Before that, Vandiepenbeeck Marc sold 186 shares. Johnson Controls International plc shares valued at $12,183 were divested by the EVP and CFO at a price of $65.50 per share. As a result of the transaction, Vandiepenbeeck Marc now holds 44,501 shares, worth roughly $2.82 million.

UBS downgraded its Johnson Controls International plc [JCI] rating to a Neutral from a a Buy in a research note published on May 06, 2024; the price target was decreased to $68 from $74. A number of analysts have revised their coverage, including Mizuho’s analysts, who decreased its forecast for the stock in late February from “a Buy” to “a Neutral”. Argus also remained covering JCI and has decreased its forecast on February 20, 2024 with a “Hold” recommendation from previously “Buy” rating. HSBC Securities revised its rating on January 31, 2024. It rated JCI as “a Hold” which previously was an “a Buy”.

Price Performance Review of JCI

On Monday, Johnson Controls International plc [NYSE:JCI] saw its stock jump 1.60% to $63.38. Over the last five days, the stock has lost -2.96%. Johnson Controls International plc shares have risen nearly 9.96% since the year began. Nevertheless, the stocks have risen 8.32% over the past one year. While a 52-week high of $70.43 was reached on 04/04/24, a 52-week low of $47.90 was recorded on 01/17/24. SMA at 50 days reached $63.27, while 200 days put it at $57.66. A total of 7.29 million shares were traded, compared to the trading of 7.1 million shares in the previous session.

Levels Of Support And Resistance For JCI Stock

The 24-hour chart illustrates a support level at 62.51, which if violated will result in even more drops to 61.63. On the upside, there is a resistance level at 63.85. A further resistance level may holdings at 64.31. The Relative Strength Index (RSI) on the 14-day chart is 48.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.37%. Stochastics %K at 37.75% indicates the stock is a holding.

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