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Insider Sale Alert: Johnson & Johnson [JNJ] – Is it Time to sell?

In a filing, Johnson & Johnson revealed its EVP, Global Corp Affairs Broadhurst Vanessa unloaded Company’s shares for reported $1.44 million on Mar 13 ’24. In the deal valued at $162.16 per share,8,891 shares were sold. As a result of this transaction, Broadhurst Vanessa now holds 15,043 shares worth roughly $2.2 million.

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Then, JOHNSON & JOHNSON sold 3,725 shares, generating $96,142 in total proceeds. Upon selling the shares at $25.81, the 10% Owner now owns 4,099,575 shares.

Before that, Taubert Jennifer L sold 59,397 shares. Johnson & Johnson shares valued at $9,281,969 were divested by the EVP, WW Chair, Pharmaceuticals at a price of $156.27 per share. As a result of the transaction, Taubert Jennifer L now holds 141,416 shares, worth roughly $20.71 million.

A number of analysts have revised their coverage, including HSBC Securities’s analysts, who increased its forecast for the stock in mid April from “a Hold” to “a Buy”. Wells Fargo also remained covering JNJ and has decreased its forecast on December 13, 2023 with a “an Equal weight” recommendation from previously “an Overweight” rating. UBS revised its rating on December 01, 2023. It rated JNJ as “a Buy” which previously was an “a Neutral”.

Price Performance Review of JNJ

On Monday, Johnson & Johnson [NYSE:JNJ] saw its stock jump 0.19% to $146.44. Over the last five days, the stock has lost -1.80%. Johnson & Johnson shares have fallen nearly -6.57% since the year began. Nevertheless, the stocks have fallen -10.76% over the past one year. While a 52-week high of $175.97 was reached on 01/22/24, a 52-week low of $143.13 was recorded on 04/18/24. SMA at 50 days reached $148.17, while 200 days put it at $154.05. A total of 4.98 million shares were traded, compared to the trading of 10.5 million shares in the previous session.

Levels Of Support And Resistance For JNJ Stock

The 24-hour chart illustrates a support level at 145.14, which if violated will result in even more drops to 143.84. On the upside, there is a resistance level at 148.22. A further resistance level may holdings at 150.00. The Relative Strength Index (RSI) on the 14-day chart is 46.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.50, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.16%. Stochastics%K at 38.59% indicates the stock is a holding.

The most recent change occurred on October 05, 2023 when RBC Capital Mkts began covering the stock and recommended ‘”an Outperform”‘ rating along with a $178 price target.

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