In a filing, JPMorgan Chase & Co revealed 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 $9.17 million.
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 $11.28 million.
Wolfe Research upgraded its JPMorgan Chase & Co [JPM] rating to an Outperform from a a Peer perform in a research note published recently. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who decreased its forecast for the stock in mid November from “an Outperform” to “a Perform”. Robert W. Baird also remained covering JPM and has decreased its forecast on November 07, 2024 with a “an Underperform” recommendation from previously “Neutral” rating. Morgan Stanley revised its rating on September 30, 2024. It rated JPM as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of JPM
On Tuesday, JPMorgan Chase & Co [NYSE:JPM] saw its stock jump 0.96% to $243.17. Over the last five days, the stock has gained 1.61%. JPMorgan Chase & Co shares have risen nearly 1.44% since the year began. Nevertheless, the stocks have risen 41.16% over the past one year. While a 52-week high of $254.31 was reached on 01/06/25, a 52-week low of $164.30 was recorded on 01/02/25. SMA at 50 days reached $239.20, while 200 days put it at $213.29.
Levels Of Support And Resistance For JPM Stock
The 24-hour chart illustrates a support level at 240.96, which if violated will result in even more drops to 238.75. On the upside, there is a resistance level at 245.32. A further resistance level may holdings at 247.47. The Relative Strength Index (RSI) on the 14-day chart is 55.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.10, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.59%. Stochastics %K at 81.34% indicates the stock is a selling.
How much short interest is there in JPMorgan Chase & Co?
A steep rise in short interest was recorded in JPMorgan Chase & Co stocks on 2024-12-13, dropping by -0.93 million shares to a total of 29.19 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 30.12 million shares. There was a decline of -3.18%, which implies that there is a negative sentiment for the stock.
