J P Morgan Chase & Co (NYSE:JPM) has tumbled 2.44% during the past week and has dropped 1.94% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 1.27%. J P Morgan Chase & Co (NYSE:JPM) has underperformed the index by 2.83% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
J P Morgan Chase & Co (NYSE:JPM): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $62.30 and $61.93 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $62.71. The buying momentum continued till the end and the stock did not give up its gains. It closed at $62.28, notching a gain of 0.10% for the day. The total traded volume was 15,751,497 . The stock had closed at $62.22 on the previous day.
The company shares have dropped -8.52% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $70.61 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $63.37 and the 200 Day Moving Average price is recorded at $61.36.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Managing Director) of Jpmorgan Chase & Co, Pinto Daniel E had sold 28,837 shares worth of $1,798,852 in a transaction dated April 14, 2016. In this transaction, 28,837 shares were sold at $62.38 per share.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Keefe Bruyette & Woods maintains the rating on J P Morgan Chase & Co (NYSE:JPM). The brokerage firm has issued a Outperform rating on the shares. The Analysts at the ratings agency raises the price target from $72 per share to $73 per share. The rating by the firm was issued on May 16, 2016. Currently the company Insiders own 0.85% of J P Morgan Chase & Co shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -17.33% . Institutional Investors own 74.69% of J P Morgan Chase & Co shares. During last six month period, the net percent change held by insiders has seen a change of -16.73%.
JPMorgan Chase & Co. is a financial holding company. The Company is engaged in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. JPMorgan Chases activities are organized into four business segments. The Companys Consumer & Community Banking segment serves consumers and businesses through personal service at bank branches and through ATMs, online, mobile and telephone banking. The Corporate & Investment Bank, comprising Banking and Markets & Investor Services, offers investment banking, market-making, prime brokerage, and treasury and securities products and services. The Commercial Banking (CB) segment delivers industry knowledge, local expertise and service to the United States and the United States multinational clients. The Asset Management segment comprises investment and wealth management. The Company also operates a Corporate segment.