Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Johnson Controls International plc shares valued at $8,038,215 were sold by Oliver George on Sep 16 ’24. At $72.67 per share, Oliver George sold 110,615 shares. The insider’s holdings dropped to 1,243,751 shares worth approximately $90.51 million following the completion of this transaction.
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Also, GEORGE R OLIVER SR. purchased 331,846 shares, netting a total of over 24,075,427 in proceeds.
Before that, Vandiepenbeeck Marc had sold 186 shares from its account. In a trade valued at $13,532, the EVP and CFO traded Johnson Controls International plc shares for $72.75 each. Upon closing the transaction, the insider’s holdings decreased to 186 shares, worth approximately $6.1 million.
As published in a research note from BofA Securities on September 10, 2024, Johnson Controls International plc [JCI] has been rated up from a Neutral to a Buy and the price target has been revised to $80 from $76. Analysts at Morgan Stanley started covering the stock with ‘”an Overweight”‘ outlook in a report released in early September. As of August 14, 2024, RBC Capital Mkts has increased its “an Underperform” rating to a “Sector perform” for JCI. Earlier on May 06, 2024, UBS downgraded its rating. Their new recommendation was “a Neutral” 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 2.96%. Over the course of the year, Johnson Controls International plc shares have jumped approximately 26.25%. 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 $69.68, while a 200-day SMA reached $63.91. Nevertheless, trading volume fell to 3.28 million shares from 3.16 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 71.98, which, if violated, would cause prices to drop to 71.20. In the upper region, resistance lies at 73.76. The next price resistance is at 74.76. RSI (Relative Strength Index) is 60.81 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.75, which suggests the price will increase in the coming days. Percent R is at 19.08%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
