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 $12,202 were sold by Vandiepenbeeck Marc on Aug 05 ’24. At $65.60 per share, Vandiepenbeeck Marc sold 186 shares. The insider’s holdings dropped to 84,260 shares worth approximately $5.77 million following the completion of this transaction.
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Also, MANNING NATHAN D sold 1,167 shares, netting a total of over 82,519 in proceeds. Following the sale of shares at $70.71 each, the insider now holds 103,866 shares.
Before that, Vandiepenbeeck Marc had sold 186 shares from its account. In a trade valued at $12,953, the EVP and CFO traded Johnson Controls International plc shares for $69.64 each. Upon closing the transaction, the insider’s holdings decreased to 186 shares, worth approximately $2.98 million.
As published in a research note from RBC Capital Mkts on August 14, 2024, Johnson Controls International plc [JCI] has been rated up from an Underperform to a Sector perform and the price target has been revised to $69 from $61. Analysts at UBS downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early May. As of February 23, 2024, Mizuho has decreased its “Buy” rating to a “Neutral” for JCI. Earlier on February 20, 2024, Argus 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 4.17%. Over the course of the year, Johnson Controls International plc shares have jumped approximately 18.84%. Shares of the company reached a 52-week high of $75.36 on 07/31/24 and a 52-week low of $51.71 on 01/17/24. A 50-day SMA is recorded $68.60, while a 200-day SMA reached $61.57. Nevertheless, trading volume fell to 4.92 million shares from 3.75 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 67.99, which, if violated, would cause prices to drop to 67.47. In the upper region, resistance lies at 69.02. The next price resistance is at 69.54. RSI (Relative Strength Index) is 51.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.43, which suggests the price will decrease in the coming days. Percent R is at 62.08%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
