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Johnson Controls International plc [JCI] Investment Appeal on the Rise

Johnson Controls International plc’s recently made public that its EVP and CFO Vandiepenbeeck Marc unloaded Company’s shares for reported $14409.0 on Oct 21 ’24. In the deal valued at $77.47 per share,186 shares were sold. As a result of this transaction, Vandiepenbeeck Marc now holds 83,330 shares worth roughly $6.43 million.

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Then, Oliver George sold 110,615 shares, generating $8,493,742 in total proceeds. Upon selling the shares at $76.79, the Chairman & CEO now owns 1,243,751 shares.

Before that, Vandiepenbeeck Marc sold 186 shares. Johnson Controls International plc shares valued at $14,192 were divested by the EVP and CFO at a price of $76.30 per share. As a result of the transaction, Vandiepenbeeck Marc now holds 83,516 shares, worth roughly $6.44 million.

BofA Securities upgraded its Johnson Controls International plc [JCI] rating to a Buy from a a Neutral in a research note published on September 10, 2024; the price target was increased to $80 from $76. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in early September with a ‘”an Overweight”‘ rating. RBC Capital Mkts also remained covering JCI and has increased its forecast on August 14, 2024 with a “Sector perform” recommendation from previously “an Underperform” rating. UBS revised its rating on May 06, 2024. It rated JCI as “a Neutral” which previously was an “a Buy”.

Price Performance Review of JCI

On Monday, Johnson Controls International plc [NYSE:JCI] saw its stock fall -0.35% to $77.17. Over the last five days, the stock has lost -0.66%. Johnson Controls International plc shares have risen nearly 33.88% since the year began. Nevertheless, the stocks have risen 56.85% over the past one year. While a 52-week high of $78.23 was reached on 10/01/24, a 52-week low of $47.90 was recorded on 01/17/24. SMA at 50 days reached $73.20, while 200 days put it at $66.33.

Levels Of Support And Resistance For JCI Stock

The 24-hour chart illustrates a support level at 76.64, which if violated will result in even more drops to 76.11. On the upside, there is a resistance level at 77.79. A further resistance level may holdings at 78.41. The Relative Strength Index (RSI) on the 14-day chart is 60.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 21.75%. Stochastics %K at 76.43% indicates the stock is a holding.

How much short interest is there in Johnson Controls International plc?

A steep rise in short interest was recorded in Johnson Controls International plc stocks on 2024-09-30, dropping by -1.35 million shares to a total of 10.51 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 11.86 million shares. There was a decline of -12.89%, which implies that there is a negative sentiment for the stock.

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