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 $14,192 were sold by Vandiepenbeeck Marc on Oct 03 ’24. At $76.30 per share, Vandiepenbeeck Marc sold 186 shares. The insider’s holdings dropped to 83,516 shares worth approximately $6.3 million following the completion of this transaction.
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Also, MANNING NATHAN D sold 3,000 shares, netting a total of over 231,228 in proceeds. Following the sale of shares at $77.08 each, the insider now holds 140,488 shares.
Before that, Vandiepenbeeck Marc had sold 186 shares from its account. In a trade valued at $13,729, the EVP and CFO traded Johnson Controls International plc shares for $73.81 each. Upon closing the transaction, the insider’s holdings decreased to 186 shares, worth approximately $6.32 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 drop of approximately -1.37%. Over the course of the year, Johnson Controls International plc shares have jumped approximately 30.97%. Shares of the company reached a 52-week high of $78.23 on 10/01/24 and a 52-week low of $51.71 on 01/17/24. A 50-day SMA is recorded $71.09, while a 200-day SMA reached $65.09. Nevertheless, trading volume fell to 2.44 million shares from 2.27 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 74.83, which, if violated, would cause prices to drop to 74.16. In the upper region, resistance lies at 76.31. The next price resistance is at 77.13. RSI (Relative Strength Index) is 60.02 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.05, which suggests the price will increase in the coming days. Percent R is at 45.36%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
