Johnson & Johnson’s recently made public that its VP Corporate Controller Decker Robert J unloaded Company’s shares for reported $0.93 million on Aug 30 ’24. In the deal valued at $165.06 per share,5,635 shares were sold. As a result of this transaction, Decker Robert J now holds 18,973 shares worth roughly $3.09 million.
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Then, Decker Robert J bought 5,635 shares, generating $930,113 in total proceeds.
Before that, Broadhurst Vanessa sold 8,891 shares. Johnson & Johnson shares valued at $1,441,765 were divested by the EVP, Global Corp Affairs at a price of $162.16 per share. As a result of the transaction, Broadhurst Vanessa now holds 15,043 shares, worth roughly $2.45 million.
Daiwa Securities downgraded its Johnson & Johnson [JNJ] rating to a Neutral from a an Outperform in a research note published on July 23, 2024; the price target was decreased to $150 from $160. HSBC Securities also remained covering JNJ and has increased its forecast on April 18, 2024 with a “Buy” recommendation from previously “Hold” rating. Wells Fargo revised its rating on December 13, 2023. It rated JNJ as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of JNJ
On Tuesday, Johnson & Johnson [NYSE:JNJ] saw its stock fall -0.27% to $162.78. Over the last five days, the stock has lost -2.57%. Johnson & Johnson shares have risen nearly 3.85% since the year began. Nevertheless, the stocks have risen 1.42% over the past one year. While a 52-week high of $168.85 was reached on 09/04/24, a 52-week low of $143.13 was recorded on 04/18/24. SMA at 50 days reached $161.52, while 200 days put it at $155.60.
Levels Of Support And Resistance For JNJ Stock
The 24-hour chart illustrates a support level at 161.72, which if violated will result in even more drops to 160.67. On the upside, there is a resistance level at 163.66. A further resistance level may holdings at 164.55. The Relative Strength Index (RSI) on the 14-day chart is 46.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.87, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.20%. Stochastics %K at 16.57% indicates the stock is a buying.
How much short interest is there in Johnson & Johnson?
A steep rise in short interest was recorded in Johnson & Johnson stocks on 2024-08-30, growing by 2.28 million shares to a total of 21.13 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 18.85 million shares. There was a rise of 10.78%, which implies that there is a positive sentiment for the stock.
