JPMorgan Chase & Co’s recently made public that its CEO CCB Lake Marianne unloaded Company’s shares for reported $1.08 million on Jan 16 ’25. In the deal valued at $254.00 per share,4,233 shares were sold. As a result of this transaction, Lake Marianne now holds 118,507 shares worth roughly $31.66 million.
Then, Petno Douglas B sold 3,491 shares, generating $886,565 in total proceeds. Upon selling the shares at $253.96, the Co-CEO CIB now owns 338,935 shares.
Before that, Friedman Stacey sold 3,303 shares. JPMorgan Chase & Co shares valued at $838,778 were divested by the General Counsel at a price of $253.94 per share. As a result of the transaction, Friedman Stacey now holds 47,620 shares, worth roughly $12.72 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 0.49% to $267.14. Over the last five days, the stock has gained 1.56%. JPMorgan Chase & Co shares have risen nearly 11.44% since the year began. Nevertheless, the stocks have risen 54.47% over the past one year. While a 52-week high of $267.10 was reached on 01/28/25, a 52-week low of $171.30 was recorded on 01/10/25. SMA at 50 days reached $246.19, while 200 days put it at $217.10.
Levels Of Support And Resistance For JPM Stock
The 24-hour chart illustrates a support level at 265.54, which if violated will result in even more drops to 263.93. On the upside, there is a resistance level at 268.04. A further resistance level may holdings at 268.93. The Relative Strength Index (RSI) on the 14-day chart is 75.89, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 10.71, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.66%. Stochastics %K at 95.65% 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 2024-12-31, dropping by -1.19 million shares to a total of 29.52 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 30.7 million shares. There was a decline of -4.02%, which implies that there is a negative sentiment for the stock.
