Hubbell Inc.’s recently made public that its Director Keating Neal J acquired Company’s shares for reported $0.19 million on May 03 ’24. In the deal valued at $378.77 per share,500 shares were bought. As a result of this transaction, Keating Neal J now holds 8,571 shares worth roughly $3.37 million.
Then, Dial Debra L. bought 150 shares, generating $56,685 in total proceeds. Upon buying the shares at $377.90, the Director now owns 589 shares.
Before that, Mikes Mark Eugene sold 397 shares. Hubbell Inc. shares valued at $144,290 were divested by the President Electrical Solutions at a price of $363.45 per share. As a result of the transaction, Mikes Mark Eugene now holds 4,899 shares, worth roughly $1.93 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 jump 1.30% to $393.06. Over the last five days, the stock has gained 6.08%. Hubbell Inc. shares have risen nearly 19.50% since the year began. Nevertheless, the stocks have risen 44.46% over the past one year. While a 52-week high of $429.61 was reached on 04/04/24, a 52-week low of $248.37 was recorded on 01/05/24. SMA at 50 days reached $397.93, while 200 days put it at $336.07. A total of 0.46 million shares were traded, compared to the trading of 0.43 million shares in the previous session.
Levels Of Support And Resistance For HUBB Stock
The 24-hour chart illustrates a support level at 389.00, which if violated will result in even more drops to 384.95. On the upside, there is a resistance level at 395.29. A further resistance level may holdings at 397.53. The Relative Strength Index (RSI) on the 14-day chart is 49.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.90%. Stochastics %K at 45.89% indicates the stock is a holding.
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.
