NEW YORK – Shares of JPMorgan Chase & Co. (NYSE: JPM) finished a volatile trading day with a modest loss, as early momentum that pushed the stock near its annual peak gave way to selling pressure throughout the session.
The banking giant’s stock closed the day at 298.28 USD, representing a decrease of 0.34 (0.11%). The session was marked by significant intraday swings. After opening at 297.66, JPM shares rallied to a high of 299.43, coming within cents of its 52-week high of 299.59. However, the stock was unable to sustain this level, reversing course and hitting a daily low of 296.82 before settling near the close.
The downward trend appeared to continue after the bell. According to the market summary, after-hours trading saw the stock dip further to 298.09, down an additional 0.19 (0.064%).
Despite the daily downturn, the stock’s performance highlights its position at the very top of its 52-week range, which bottoms out at 190.90. The day’s trading activity suggests a key resistance level near the $300 mark. The stock’s previous close was 298.62, making this a consecutive session of decline.
Investors continue to evaluate the financial heavyweight’s fundamentals, which include a Price-to-Earnings (P/E) ratio of 15.30 and a dividend yield of 1.88%. As the market digests the day’s session, traders will be closely watching pre-market activity for fresh signals on the direction of one of the market’s most influential financial stocks.
