Public Event Detail
Calydon Capital Decreases Stake in JPMorgan Chase & Co. $JPM
Public historical observation from the Merrowstone archive. This page shows event-level context only. Accepted assertions, evidence lineage, and relationship intelligence remain part of the premium research layer.
Event summary
Calydon Capital significantly reduced its stake in JPMorgan Chase & Co. by 58% in the third quarter, selling 10,084 shares and retaining 7,315 shares valued at $2.307 million. This move comes amidst notable insider selling, with CEO Troy L. Rohrbaugh selling 50,000 shares for $15.36 million, and general counsel Stacey Friedman selling 3,404 shares for $1.06 million, contributing to a total of $22.07 million in insider sales over the last quarter. Despite these decreases, institutional ownership remains high at 71.55%, and the company holds a "Moderate Buy" consensus rating from analysts with an average target price of $340.00.