The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. JPMorgan Chase & Co. shares valued at $872,311 were sold by Friedman Stacey on Jun 20 ’24. At $197.58 per share, Friedman Stacey sold 4,415 shares. The insider’s holdings dropped to 37,709 shares worth approximately $7.74 million following the completion of this transaction.
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Also, BACON ASHLEY sold 5,086 shares, netting a total of over 1,014,857 in proceeds. Following the sale of shares at $199.54 each, the insider now holds 212,265 shares.
Before that, Beer Lori A had sold 5,298 shares from its account. In a trade valued at $1,062,989, the Chief Information Officer traded JPMorgan Chase & Co. shares for $200.64 each. Upon closing the transaction, the insider’s holdings decreased to 5,298 shares, worth approximately $9.52 million.
As published in a research note from Morgan Stanley on September 30, 2024, JPMorgan Chase & Co. [JPM] has been rated down from an Overweight to an Equal-weight and the price target has been revised to $224 from $220. Analysts at Deutsche Bank downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early September. As of August 20, 2024, Daiwa Securities has decreased its “Buy” rating to a “an Outperform” for JPM. Earlier on July 08, 2024, Wolfe Research downgraded its rating. Their new recommendation was “a Peer perform” for JPM stock which previously was a “an Outperform”.
Analyzing JPM Stock Performance
During the last five days, there has been a drop of approximately -2.17%. Over the course of the year, JPMorgan Chase & Co. shares have jumped approximately 20.65%. Shares of the company reached a 52-week high of $225.48 on 08/30/24 and a 52-week low of $164.30 on 01/16/24. A 50-day SMA is recorded $211.00, while a 200-day SMA reached $194.69. Nevertheless, trading volume fell to 7.18 million shares from 5.81 million shares the previous day.
Support And Resistance Levels for JPMorgan Chase & Co. (JPM)
According to the 24-hour chart, there is a support level at 204.22, which, if violated, would cause prices to drop to 203.20. In the upper region, resistance lies at 206.37. The next price resistance is at 207.50. RSI (Relative Strength Index) is 39.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.78, which suggests the price will decrease in the coming days. Percent R is at 89.66%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
