JPMorgan Chase Stock Plummets: JPM Down Over 7% in Afternoon Session
April 4th, 2024 – Shares of banking giant JPMorgan Chase & Co (NYSE: JPM) are facing significant downward pressure in today’s trading. As of 2:55 pm GMT-4, the stock price had fallen sharply to 211.06 USD.
This represents a substantial decline of 16.25 points, or 7.15%, for the day. The sell-off pushed the shares considerably below the previous day’s closing price of 227.31 USD.
JPMorgan Chase opened the trading day at 215.30 USD. While the stock saw an intraday high of 235.14 USD, strong selling momentum took over, dragging the shares down to a daily low of 208.93 USD before hovering near the 211 USD mark.
The intraday chart reveals a volatile session. After an initial drop from the open, the stock saw fluctuations primarily between 210 USD and 215 USD for much of the late morning and early afternoon, before experiencing another dip towards the reporting time.
This current price positions JPM well off its 52-week high of 280.25 USD, though it remains above the 52-week low of 179.20 USD.
Other financial metrics displayed include a Price-to-Earnings (P/E) ratio of 10.69 and a dividend yield of 2.65%. Investors continue to monitor JPM’s performance amid the broader market movements.
