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. 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 $3.05 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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 $2.42 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 drop of approximately -3.17%. Over the course of the year, Johnson & Johnson shares have jumped approximately 2.47%. 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 $163.35, while a 200-day SMA reached $156.14. Nevertheless, trading volume fell to 5.81 million shares from 5.22 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 159.33, which, if violated, would cause prices to drop to 158.06. In the upper region, resistance lies at 161.58. The next price resistance is at 162.56. RSI (Relative Strength Index) is 43.95 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.09, which suggests the price will decrease in the coming days. Percent R is at 79.23%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
