Hubbell Inc.’s recent filing unveils that its President Electrical Solutions Mikes Mark Eugene unloaded Company’s shares for reported $0.14 million on Feb 12 ’24. In the deal valued at $363.45 per share,397 shares were sold. As a result of this transaction, Mikes Mark Eugene now holds 4,899 shares worth roughly $1.94 million.
Then, Mikes Mark Eugene sold 1,837 shares, generating $657,946 in total proceeds. Upon selling the shares at $358.16, the President Electrical Solutions now owns 5,296 shares.
Before that, Mikes Mark Eugene sold 1,045 shares. Hubbell Inc. shares valued at $373,646 were divested by the President Electrical Solutions at a price of $357.56 per share. As a result of the transaction, Mikes Mark Eugene now holds 7,310 shares, worth roughly $2.9 million.
Deutsche Bank initiated its Hubbell Inc. [HUBB] rating to a Hold in a research note published on March 11, 2024; the price target was $427. A number of analysts have revised their coverage, including TD Cowen’s analysts, who began to cover the stock in early December with a ‘”an Outperform”‘ rating. Barclays began covering HUBB with “an Equal weight” recommendation on December 04, 2023. JP Morgan revised its rating on November 17, 2023. It rated HUBB as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of HUBB
On Tuesday, Hubbell Inc. [NYSE:HUBB] saw its stock fall -1.57% to $396.28. Over the last five days, the stock has lost -3.15%. Hubbell Inc. shares have risen nearly 20.48% since the year began. Nevertheless, the stocks have risen 74.01% over the past one year. While a 52-week high of $429.61 was reached on 04/04/24, a 52-week low of $227.39 was recorded on 01/05/24. SMA at 50 days reached $388.40, while 200 days put it at $331.72. A total of 0.49 million shares were traded, compared to the trading of 0.37 million shares in the previous session.
Levels Of Support And Resistance For HUBB Stock
The 24-hour chart illustrates a support level at 391.67, which if violated will result in even more drops to 387.05. On the upside, there is a resistance level at 400.37. A further resistance level may holdings at 404.45. The Relative Strength Index (RSI) on the 14-day chart is 44.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -10.79, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.64%. Stochastics %K at 12.57% indicates the stock is a buying.
The most recent change occurred on November 08, 2023 when Seaport Research Partners began covering the stock and recommended ‘”a Buy”‘ rating along with a $325 price target.
