JPMorgan American (LON:JAM) Stock Price Passes Above 50 Day Moving Average - What's Next?

Key Points

• JPMorgan American's stock price has surpassed its 50-day moving average of GBX 1,020.46 ($13.48), reaching a high of GBX 1,098 ($14.50) during trading.
• Insider Claire Binyon acquired 1,249 shares at an average price of GBX 994 ($13.13), indicating confidence in the company's performance.
• The firm has a market capitalization of £1.94 billion and a P/E ratio of 4.64, suggesting it is positioned for potential long-term growth within the US stock market.

JPMorgan American (LON:JAM - )'s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 1,020.46 ($13.48) and traded as high as GBX 1,098 ($14.50). JPMorgan American shares last traded at GBX 1,084 ($14.32), with a volume of 360,050 shares.

JPMorgan American Trading Down 1.3%

The stock has a 50 day simple moving average of GBX 1,020.46 and a 200-day simple moving average of GBX 1,028.30. The firm has a market cap of £1.94 billion, a P/E ratio of 4.64 and a beta of 0.65.

Insider Buying and Selling at JPMorgan American

In related news, insider Claire Binyon bought 1,249 shares of the business's stock in a transaction dated Thursday, June 5th. The shares were purchased at an average price of GBX 994 ($13.13) per share, with a total value of £12,415.06 ($16,400.34). Corporate insiders own 6.35% of the company's stock.

JPMorgan American Company Profile

A local knows the best route JPMorgan American Investment Trust plc aims to generate attractive long-term returns from the world's largest stock market by focusing on high quality companies that are also reasonably priced. Key points: Expertise - Our flagship US investment trust, managed by locally based specialist investors to provide core portfolio exposure to North American equities. Portfolio - Managed for growth by focusing on quality companies that are reasonably priced. Results - Broadly diversified across the S&P 500 index, with a focus on large cap stocks. Why invest in this trust The JPMorgan American Investment Trust plc is a large, actively managed investment trust investing in the core US stock market.

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