Hubbell Incorporated [HUBB] stock for 4,524,868 USD was sold by Sperry William R

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Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Hubbell Incorporated shares valued at $4,524,868 were sold by Sperry William R on Oct 28. At $239.69 per share, Sperry William R sold 18,878 shares. The insider’s holdings dropped to 46,292 shares worth approximately $11.85 million following the completion of this transaction.


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Also, Guzzi Anthony sold 5 shares, netting a total of over 1,102 in proceeds. Following the sale of shares at $220.49 each, the insider now holds 6,490 shares.

Before that, Connolly Allan had sold 5,259 shares from its account. In a trade valued at $1,164,763, the President, Utility Solutions traded Hubbell Incorporated shares for $221.48 each. Upon closing the transaction, the insider’s holdings decreased to 5,259 shares, worth approximately $1.64 million.

As published in a research note from JP Morgan on October 19, 2022, Hubbell Incorporated [HUBB] has been rated down from an Overweight to an Underweight and the price target has been revised to $200. This represents a -28.04% premium over Wednesday’s closing price. Analysts at Mizuho started covering the stock with ‘”a Buy”‘ outlook in a report released in mid December. As of October 08, 2021, Wells Fargo has initiated its “an Equal weight” rating for HUBB.

Analyzing HUBB Stock Performance

On Wednesday, Hubbell Incorporated [NYSE: HUBB] plunged -1.20% to $256.08. The stock’s lowest price that day was $255.385, but it reached a high of $261.585 in the same session. During the last five days, there has been a surge of approximately 3.30%. Over the course of the year, Hubbell Incorporated shares have jumped approximately 22.96%. Shares of the company reached a 52-week high of $261.58 on 11/23/22 and a 52-week low of $170.21 on 06/17/22. A 50-day SMA is recorded $233.21, while a 200-day SMA reached $203.52. Nevertheless, trading volume fell to 0.3 million shares from 0.38 million shares the previous day.

Support And Resistance Levels for Hubbell Incorporated (HUBB)

According to the 24-hour chart, there is a support level at 253.78, which, if violated, would cause prices to drop to 251.48. In the upper region, resistance lies at 259.98. The next price resistance is at 263.88. RSI (Relative Strength Index) is 65.00 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 7.66, which suggests the price will increase in the coming days. Percent R is at 20.18%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

Is Hubbell Incorporated subject to short interest?

Stocks of Hubbell Incorporated saw a sharp rise in short interest on Oct 13, 2022 jumping by 0.35 million shares to 1.3 million. Data from Yahoo Finance shows that the short interest on Sep 14, 2022 was 0.95 million shares. A jump of 27.01% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.12 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.12.

Which companies own the most shares of Hubbell Incorporated (HUBB)?

According to The Vanguard Group, Inc. filings, the company currently owns 5,477,750 shares, which is about 10.20% of the total HUBB shares outstanding. The investor’s shares have appreciated by 58,301 from its previous 13-F filing of 5419449.0 shares. With the completion of the buy transaction, T. Rowe Price Associates, Inc.’s stake is now worth $1,156,760,805. BlackRock Fund Advisors reduced a -0.34% interest valued at $997.54 million while JPMorgan Investment Management, I purchased a 757,631 stake. A total of -369,697 shares of Hubbell Incorporated were bought by Victory Capital Management, Inc. during the quarter, and 30,771 were bought by SSgA Funds Management, Inc. In its current portfolio, FIL Investment Advisors holds 1,462,183 shares valued at $347.24 million.

In terms of Hubbell Incorporated share price expectations, FactSet research, analysts set an average price target of $238.63 in the next 12 months, down nearly -6.25% from the previous closing price of $259.19. Analysts anticipate Hubbell Incorporated stock to reach $275.00 by 2022, with the lowest price target being $200.00. In spite of this, 11 analysts ranked Hubbell Incorporated stock as a Hold at the end of 2022. On September 16, 2020, UBS assigned a price target of “a Neutral” to the stock and initiated coverage with a $149.

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