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Examining the Potential Price Growth of Johnson & Johnson (JNJ)

Johnson & Johnson’s recently made public that its Director WEINBERGER MARK A acquired Company’s shares for reported $0.15 million on Dec 12 ’24. In the deal valued at $147.22 per share,1,000 shares were bought. As a result of this transaction, WEINBERGER MARK A now holds 1,000 shares worth roughly $0.15 million.

Then, Hait William bought 25,742 shares, generating $3,858,598 in total proceeds.

Before that, Decker Robert J sold 5,635 shares. Johnson & Johnson shares valued at $930,113 were divested by the VP Corporate Controller at a price of $165.06 per share. As a result of the transaction, Decker Robert J now holds 18,973 shares, worth roughly $2.77 million.

A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in mid November with a ‘”an Outperform”‘ rating. Daiwa Securities also remained covering JNJ and has decreased its forecast on July 23, 2024 with a “Neutral” recommendation from previously “an Outperform” rating.

Price Performance Review of JNJ

On Tuesday, Johnson & Johnson [NYSE:JNJ] saw its stock jump 1.79% to $146.23. Over the last five days, the stock has gained 2.02%. Johnson & Johnson shares have risen nearly 1.11% since the year began. Nevertheless, the stocks have fallen -9.25% over the past one year. While a 52-week high of $168.85 was reached on 01/07/25, a 52-week low of $142.75 was recorded on 01/06/25. SMA at 50 days reached $151.49, while 200 days put it at $154.22.

Levels Of Support And Resistance For JNJ Stock

The 24-hour chart illustrates a support level at 144.15, which if violated will result in even more drops to 142.08. On the upside, there is a resistance level at 147.74. A further resistance level may holdings at 149.26. The Relative Strength Index (RSI) on the 14-day chart is 46.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 21.44%. Stochastics %K at 43.59% indicates the stock is a holding.

How much short interest is there in Johnson & Johnson?

A steep rise in short interest was recorded in Johnson & Johnson stocks on 2024-12-13, growing by 96025.0 shares to a total of 17.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 17.48 million shares. There was a rise of 0.55%, which implies that there is a positive sentiment for the stock.

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