Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Johnson Controls International plc shares valued at $13,392 were sold by Vandiepenbeeck Marc on May 20 ’24. At $72.00 per share, Vandiepenbeeck Marc sold 186 shares. The insider’s holdings dropped to 44,183 shares worth approximately $3.24 million following the completion of this transaction.
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Also, MCCONEGHY DANIEL C sold 9,342 shares, netting a total of over 611,901 in proceeds. Following the sale of shares at $65.50 each, the insider now holds 25,378 shares.
Before that, Tinggren Juergen had sold 4,000 shares from its account. In a trade valued at $249,240, the Director traded Johnson Controls International plc shares for $62.31 each. Upon closing the transaction, the insider’s holdings decreased to 4,000 shares, worth approximately $2.21 million.
As published in a research note from UBS on May 06, 2024, Johnson Controls International plc [JCI] has been rated down from a Buy to a Neutral and the price target has been revised to $68 from $74. Analysts at Mizuho downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late February. As of February 20, 2024, Argus has decreased its “Buy” rating to a “Hold” for JCI. Earlier on January 31, 2024, HSBC Securities 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 7.31%. Over the course of the year, Johnson Controls International plc shares have jumped approximately 27.10%. Shares of the company reached a 52-week high of $73.68 on 05/23/24 and a 52-week low of $51.71 on 01/17/24. A 50-day SMA is recorded $65.33, while a 200-day SMA reached $57.78. Nevertheless, trading volume fell to 6.17 million shares from 7.18 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 72.45, which, if violated, would cause prices to drop to 71.63. In the upper region, resistance lies at 73.88. The next price resistance is at 74.49. RSI (Relative Strength Index) is 80.02 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.05, which suggests the price will increase in the coming days. Percent R is at 3.63%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
