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JPMorgan Chase & Co. (JPM) Becoming More Attractive for Investors

JPMorgan Chase & Co.’s recently made public that its Head of Human Resources Leopold Robin unloaded Company’s shares for reported $0.6 million on May 10 ’24. In the deal valued at $198.86 per share,3,000 shares were sold. As a result of this transaction, Leopold Robin now holds 44,113 shares worth roughly $8.77 million.

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Then, Erdoes Mary E. sold 15,895 shares, generating $3,078,221 in total proceeds. Upon selling the shares at $193.66, the CEO Asset & Wealth Management now owns 585,898 shares.

Before that, Piepszak Jennifer sold 8,831 shares. JPMorgan Chase & Co. shares valued at $1,710,187 were divested by the Co-CEO CIB at a price of $193.66 per share. As a result of the transaction, Piepszak Jennifer now holds 41,650 shares, worth roughly $8.28 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 fall -0.02% to $198.73. Over the last five days, the stock has gained 3.51%. JPMorgan Chase & Co. shares have risen nearly 16.83% since the year began. Nevertheless, the stocks have risen 46.07% over the past one year. While a 52-week high of $200.94 was reached on 04/01/24, a 52-week low of $133.13 was recorded on 01/16/24. SMA at 50 days reached $192.43, while 200 days put it at $166.22. A total of 6.77 million shares were traded, compared to the trading of 7.53 million shares in the previous session.

Levels Of Support And Resistance For JPM Stock

The 24-hour chart illustrates a support level at 197.90, which if violated will result in even more drops to 197.06. On the upside, there is a resistance level at 199.71. A further resistance level may holdings at 200.68. The Relative Strength Index (RSI) on the 14-day chart is 65.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.52, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.83%. Stochastics %K at 94.72% indicates the stock is a selling.

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