Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Johnson & Johnson shares valued at $930,113 were sold by Decker Robert J on Aug 30 ’24. At $165.06 per share, Decker Robert J sold 5,635 shares. The insider’s holdings dropped to 18,973 shares worth approximately $3.12 million following the completion of this transaction.
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Also, Decker Robert J purchased 5,635 shares, netting a total of over 930,113 in proceeds.
Before that, Broadhurst Vanessa had sold 8,891 shares from its account. In a trade valued at $1,441,765, the EVP, Global Corp Affairs traded Johnson & Johnson shares for $162.16 each. Upon closing the transaction, the insider’s holdings decreased to 8,891 shares, worth approximately $2.47 million.
As published in a research note from Daiwa Securities on July 23, 2024, Johnson & Johnson [JNJ] has been rated down from an Outperform to a Neutral and the price target has been revised to $150 from $160. As of April 18, 2024, HSBC Securities has increased its “Hold” rating to a “Buy” for JNJ. Earlier on December 13, 2023, Wells Fargo downgraded its rating. Their new recommendation was “an Equal weight” for JNJ stock which previously was a “an Overweight”.
Analyzing JNJ Stock Performance
During the last five days, there has been a surge of approximately 2.47%. Over the course of the year, Johnson & Johnson shares have jumped approximately 4.93%. Shares of the company reached a 52-week high of $168.85 on 09/04/24 and a 52-week low of $143.13 on 04/18/24. A 50-day SMA is recorded $162.78, while a 200-day SMA reached $156.08. Nevertheless, trading volume fell to 4.77 million shares from 5.98 million shares the previous day.
Support And Resistance Levels for Johnson & Johnson (JNJ)
According to the 24-hour chart, there is a support level at 163.73, which, if violated, would cause prices to drop to 163.00. In the upper region, resistance lies at 165.10. The next price resistance is at 165.74. RSI (Relative Strength Index) is 60.58 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.69, which suggests the price will increase in the coming days. Percent R is at 28.59%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
