JPMorgan Chase & Co’s filing revealed that its General Counsel Friedman Stacey unloaded Company’s shares for reported $0.87 million on Jun 20 ’24. In the deal valued at $197.58 per share,4,415 shares were sold. As a result of this transaction, Friedman Stacey now holds 37,709 shares worth roughly $8.29 million.
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Then, BACON ASHLEY sold 5,086 shares, generating $1,014,857 in total proceeds. Upon selling the shares at $199.54, the Chief Risk Officer now owns 212,265 shares.
Before that, Beer Lori A sold 5,298 shares. JPMorgan Chase & Co shares valued at $1,062,989 were divested by the Chief Information Officer at a price of $200.64 per share. As a result of the transaction, Beer Lori A now holds 46,375 shares, worth roughly $10.19 million.
Morgan Stanley downgraded its JPMorgan Chase & Co [JPM] rating to an Equal-weight from a an Overweight in a research note published on September 30, 2024; the price target was increased to $224 from $220. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who decreased its forecast for the stock in early September from “a Buy” to “a Hold”. Daiwa Securities also remained covering JPM and has decreased its forecast on August 20, 2024 with a “an Outperform” recommendation from previously “Buy” rating. Wolfe Research revised its rating on July 08, 2024. It rated JPM as “a Peer perform” which previously was an “an Outperform”.
Price Performance Review of JPM
On Monday, JPMorgan Chase & Co [NYSE:JPM] saw its stock fall -1.42% to $219.78. Over the last five days, the stock has lost -2.54%. JPMorgan Chase & Co shares have risen nearly 29.21% since the year began. Nevertheless, the stocks have risen 55.41% over the past one year. While a 52-week high of $226.75 was reached on 10/29/24, a 52-week low of $139.23 was recorded on 01/16/24. SMA at 50 days reached $216.04, while 200 days put it at $200.32.
Levels Of Support And Resistance For JPM Stock
The 24-hour chart illustrates a support level at 218.05, which if violated will result in even more drops to 216.31. On the upside, there is a resistance level at 222.64. A further resistance level may holdings at 225.49. The Relative Strength Index (RSI) on the 14-day chart is 50.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.93, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.95%. Stochastics %K at 27.27% indicates the stock is a holding.
How much short interest is there in JPMorgan Chase & Co?
A steep rise in short interest was recorded in JPMorgan Chase & Co stocks on 2024-10-15, growing by 0.33 million shares to a total of 28.07 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 27.75 million shares. There was a rise of 1.16%, which implies that there is a positive sentiment for the stock.
