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. JPMorgan Chase & Co shares valued at $1,468,971 were sold by Erdoes Mary E. on Feb 18 ’25. At $278.37 per share, Erdoes Mary E. sold 5,277 shares. The insider’s holdings dropped to 594,354 shares worth approximately $165.97 million following the completion of this transaction.
Also, Petno Douglas B sold 3,490 shares, netting a total of over 971,646 in proceeds. Following the sale of shares at $278.41 each, the insider now holds 335,445 shares.
Before that, Friedman Stacey had sold 3,303 shares from its account. In a trade valued at $919,371, the General Counsel traded JPMorgan Chase & Co shares for $278.34 each. Upon closing the transaction, the insider’s holdings decreased to 3,303 shares, worth approximately $12.38 million.
As published in a research note from Wolfe Research on January 03, 2025, JPMorgan Chase & Co [JPM] has been rated up from a Peer perform to an Outperform and the price target has been revised to $269. Analysts at Oppenheimer downgraded the stock from ‘”an Outperform”‘ to ‘”a Perform”‘ outlook in a report released in mid November. As of November 07, 2024, Robert W. Baird has decreased its “Neutral” rating to a “an Underperform” for JPM. Earlier on September 30, 2024, Morgan Stanley downgraded its rating. Their new recommendation was “an Equal-weight” for JPM stock which previously was a “an Overweight”.
Analyzing JPM Stock Performance
During the last five days, there has been a surge of approximately 1.55%. Over the course of the year, JPMorgan Chase & Co shares have jumped approximately 16.49%. Shares of the company reached a 52-week high of $280.25 on 02/19/25 and a 52-week low of $238.74 on 01/10/25. A 50-day SMA is recorded $254.37, while a 200-day SMA reached $223.43. Nevertheless, trading volume fell to 7.0 million shares from 7.92 million shares the previous day.
Support And Resistance Levels for JPMorgan Chase & Co (JPM)
According to the 24-hour chart, there is a support level at 277.56, which, if violated, would cause prices to drop to 275.88. In the upper region, resistance lies at 280.59. The next price resistance is at 281.94. RSI (Relative Strength Index) is 73.19 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.24, which suggests the price will increase in the coming days. Percent R is at 5.39%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
