JP Morgan director buys 500,000 shares

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Bobby Raines 02/04/2014

James Crown, who sits on the board of directors at JP Morgan ( JPM ) , bought 500,000 shares of the company's common stock on Jan. 30 and 31. At $55.41 per share, Crown paid a total of $27,762,600 for the new shares.

IK-> The technicals for JPM ($55.24 up $0.92) are bullish with a downward trend. Recent support has been around $54.31 and recent resistance has been around $56.00. Standard & Poor's has a three STARs (out of five) rating on the stock. Look at the March 45/50 bull-put spread for a 25-cent credit. That's a 5.26% return and the stock has to fall 9.5% to cause a problem.  [InvestorsKeyhole, Various news and data services]



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Originally published on InvestorsObserver.com


This article appears in: Investing , Options

Referenced Stocks: JPM

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