J P Morgan Chase & Co (NYSE:JPM), A drop of 149,764 shares or 0.6% was seen in the short interest of JPMorgan Chase & Co.. Even as the interest dropped from 26,449,284 shares on May 31,2016 to 26,299,520 shares on June 15,2016, the days to cover came in at 2. The updated interest stood at 0.7% of the stocks floats. The stock has seen an average daily volume of 14,167,837 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
J P Morgan Chase & Co (NYSE:JPM): The stock opened at $60.48 on Friday but the bulls could not build on the opening and the stock topped out at $61.70 for the day. The stock traded down to $59.34 during the day, due to lack of any buying support eventually closed down at $59.60 with a loss of -6.95% for the day. The stock had closed at $64.05 on the previous day. The total traded volume was 44,108,712 shares.
The company shares have dropped -11.31% 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 $63.34 and the 200 Day Moving Average price is recorded at $61.16.
J P Morgan Chase & Co (NYSE:JPM) has tumbled 4.3% during the past week and has dropped 8.91% 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 2.72%. J P Morgan Chase & Co (NYSE:JPM) has underperformed the index by 6.15% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
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.