J P Morgan Chase & Co (JPM) has been under a strong bear grip, hence the stock is down -1.26% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.27% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.8% in the last 1 week, and is up 3.05% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 4.56% and the 50-Day Moving Average is 2.97%.
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 $64.75 and $63.61 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $64.80. The buying momentum continued till the end and the stock did not give up its gains. It closed at $64.18, notching a gain of 0.09% for the day. The total traded volume was 17,607,090 . The stock had closed at $64.12 on the previous day.
The company Insiders own 0.85% of J P Morgan Chase & Co shares according to the proxy statements. Institutional Investors own 74.6% of J P Morgan Chase & Co shares. During last six month period, the net percent change held by insiders has seen a change of -17.33%. In a related news, The officer (Managing Director), of Jpmorgan Chase & Co, Pinto Daniel E had unloaded 28,837 shares at $62.38 per share in a transaction on April 14, 2016. The total value of transaction was $1,798,852. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
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.