HP Inc’s filing revealed 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 $1.7 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 $0.15 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 jump 0.86% to $28.18. Over the last five days, the stock has gained 0.64%. HP Inc shares have fallen nearly -6.35% since the year began. Nevertheless, the stocks have fallen -5.63% 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 04/24/24. SMA at 50 days reached $29.18, while 200 days put it at $29.10. A total of 6.58 million shares were traded, compared to the trading of 4.83 million shares in the previous session.
Levels Of Support And Resistance For HPQ Stock
The 24-hour chart illustrates a support level at 27.96, which if violated will result in even more drops to 27.74. On the upside, there is a resistance level at 28.45. A further resistance level may holdings at 28.72. The Relative Strength Index (RSI) on the 14-day chart is 45.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 35.19%. Stochastics %K at 39.41% indicates the stock is a holding.
