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RBC Capital Mkts analysts upgrades a Sector perform rating for 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 $12202.0 on Aug 05 ’24. In the deal valued at $65.60 per share,186 shares were sold. As a result of this transaction, Vandiepenbeeck Marc now holds 84,260 shares worth roughly $5.85 million.

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Then, MANNING NATHAN D sold 1,167 shares, generating $82,519 in total proceeds. Upon selling the shares at $70.71, the COO, Global Field Ops now owns 103,866 shares.

Before that, Vandiepenbeeck Marc sold 186 shares. Johnson Controls International plc shares valued at $12,953 were divested by the EVP and CFO at a price of $69.64 per share. As a result of the transaction, Vandiepenbeeck Marc now holds 43,439 shares, worth roughly $3.01 million.

RBC Capital Mkts upgraded its Johnson Controls International plc [JCI] rating to a Sector perform from a an Underperform in a research note published on August 14, 2024; the price target was increased to $69 from $61. A number of analysts have revised their coverage, including UBS’s analysts, who decreased its forecast for the stock in early May from “a Buy” to “a Neutral”. Mizuho also remained covering JCI and has decreased its forecast on February 23, 2024 with a “Neutral” recommendation from previously “Buy” rating. Argus revised its rating on February 20, 2024. It rated JCI as “a Hold” which previously was an “a Buy”.

Price Performance Review of JCI

On Friday, Johnson Controls International plc [NYSE:JCI] saw its stock fall -0.54% to $69.38. Over the last five days, the stock has gained 2.56%. Johnson Controls International plc shares have risen nearly 20.37% since the year began. Nevertheless, the stocks have risen 17.04% over the past one year. While a 52-week high of $75.36 was reached on 07/31/24, a 52-week low of $47.90 was recorded on 01/17/24. SMA at 50 days reached $68.52, while 200 days put it at $61.78.

Levels Of Support And Resistance For JCI Stock

The 24-hour chart illustrates a support level at 69.00, which if violated will result in even more drops to 68.63. On the upside, there is a resistance level at 69.80. A further resistance level may holdings at 70.23. The Relative Strength Index (RSI) on the 14-day chart is 53.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.08, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 54.12%. Stochastics%K at 44.37% indicates the stock is a holding.

How much short interest is there in Johnson Controls International plc?

A steep rise in short interest was recorded in Johnson Controls International plc stocks on 2024-07-31, dropping by -1.67 million shares to a total of 8.48 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 10.15 million shares. There was a decline of -19.66%, which implies that there is a negative sentiment for the stock.

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