GRID, ETN, JCI, PWR: ETF Inflow Alert
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 23 2024
0mins
Source: NASDAQ.COM
- Stock Price Analysis: The article discusses GRID's stock price range, with a low of $85.10 and a high of $121.65 in the past 52 weeks. The last trade was at $120.52, and it compares this to the 200-day moving average for technical analysis.
- Exchange Traded Funds (ETFs): ETFs are highlighted as trading like stocks but involve buying and selling "units." These units can be traded back and forth like stocks or created/destroyed based on investor demand, impacting underlying holdings.
- Monitoring ETF Flows: The article mentions monitoring week-over-week changes in shares outstanding data for ETFs to track notable inflows (new units created) or outflows (old units destroyed), which can affect the ETF's underlying components.
- Notable Inflows: It references finding out about 9 other ETFs with notable inflows, indicating increased investor interest and potential impacts on underlying holdings.
- Disclaimer: The views expressed in the article are those of the author and may not necessarily reflect those of Nasdaq, Inc.
Analyst Views on JCI
Wall Street analysts forecast JCI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for JCI is 128.78 USD with a low forecast of 119.00 USD and a high forecast of 142.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
5 Buy
6 Hold
0 Sell
Moderate Buy
Current: 114.510
Low
119.00
Averages
128.78
High
142.00
Current: 114.510
Low
119.00
Averages
128.78
High
142.00
About JCI
Johnson Controls International plc specializes in smart buildings. The Company's segments include Americas, EMEA and APAC. The Company is engaged in engineering, manufacturing, commissioning and retrofitting building products and systems, including commercial heating, ventilating, air-conditioning (HVAC) equipment, industrial refrigeration systems, controls, security systems, fire-detection systems and fire-suppression solutions. The Company also serves customers by providing technical services, including maintenance, management, repair, retrofit and replacement of equipment (in the HVAC, industrial refrigeration, controls, security and fire-protection space) and energy-management consulting. The Company serves various industries, including healthcare, schools, data centers, airports, stadiums and manufacturing. The Company's OpenBlue digital software platform enables enterprises to better manage their physical spaces by combining its building products and services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
