HP Inc’s recently made public that its Director BENNETT ROBERT R unloaded Company’s shares for reported $2.01 million on Mar 21 ’24. In the deal valued at $30.01 per share,67,000 shares were sold. As a result of this transaction, BENNETT ROBERT R now holds 60,216 shares worth roughly $1.72 million.
Then, Liebman Stephanie sold 8,708 shares, generating $269,338 in total proceeds. Upon selling the shares at $30.93, the Global Controller now owns 0 shares.
Before that, McQuarrie David P. sold 51,111 shares. HP Inc shares valued at $1,491,930 were divested by the Chief Commercial Officer at a price of $29.19 per share. As a result of the transaction, McQuarrie David P. now holds 5,449 shares, worth roughly $0.16 million.
HSBC Securities upgraded its HP Inc [HPQ] rating to a Buy from a a Hold in a research note published on February 14, 2024; the price target was increased to $33 from $30. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in mid December from “an Equal-weight” to “an Overweight”. Evercore ISI also remained covering HPQ and has increased its forecast on December 11, 2023 with a “an Outperform” recommendation from previously “an In-line” rating. Citigroup revised its rating on November 13, 2023. It rated HPQ as “a Buy” which previously was an “a Neutral”.
Price Performance Review of HPQ
On Friday, HP Inc [NYSE:HPQ] saw its stock fall -2.39% to $28.53. Over the last five days, the stock has lost -1.99%. HP Inc shares have fallen nearly -5.18% since the year began. Nevertheless, the stocks have fallen -3.81% over the past one year. While a 52-week high of $33.90 was reached on 01/08/24, a 52-week low of $25.22 was recorded on 02/29/24. SMA at 50 days reached $29.37, while 200 days put it at $29.39. A total of 7.22 million shares were traded, compared to the trading of 5.52 million shares in the previous session.
Levels Of Support And Resistance For HPQ Stock
The 24-hour chart illustrates a support level at 28.20, which if violated will result in even more drops to 27.87. On the upside, there is a resistance level at 29.02. A further resistance level may holdings at 29.51. The Relative Strength Index (RSI) on the 14-day chart is 39.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.27%. Stochastics %K at 12.92% indicates the stock is a buying.
