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Examining the Potential Price Growth of Hewlett Packard Enterprise Co (HPE)

In a filing, Hewlett Packard Enterprise Co revealed its SVP, Controller & CTO Cox Jeremy unloaded Company’s shares for reported $0.31 million on Apr 24 ’24. In the deal valued at $16.96 per share,18,323 shares were sold. As a result of this transaction, Cox Jeremy now holds 15,541 shares worth roughly $0.27 million.

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Then, Major Kristin K sold 24,722 shares, generating $469,965 in total proceeds. Upon selling the shares at $19.01, the EVP, Chief People Officer now owns 0 shares.

Before that, Gold Gerri sold 13,399 shares. Hewlett Packard Enterprise Co shares valued at $241,285 were divested by the EVP, Pres & CEO Financial Serv at a price of $18.01 per share. As a result of the transaction, Gold Gerri now holds 79,865 shares, worth roughly $1.36 million.

Wells Fargo downgraded its Hewlett Packard Enterprise Co [HPE] rating to an Equal weight from a an Overweight in a research note published on March 01, 2024; the price target was decreased to $17 from $21. A number of analysts have revised their coverage, including Bernstein’s analysts, who decreased its forecast for the stock in mid January from “an Outperform” to “a Mkt perform”. Morgan Stanley also remained covering HPE and has increased its forecast on November 30, 2023 with a “an Equal-weight” recommendation from previously “an Underweight” rating. Citigroup started covering the stock on June 30, 2023. It rated HPE as “a Neutral”.

Price Performance Review of HPE

On Friday, Hewlett Packard Enterprise Co [NYSE:HPE] saw its stock unchanged to $17.06. Over the last five days, the stock has gained 1.19%. Hewlett Packard Enterprise Co shares have risen nearly 0.47% since the year began. Nevertheless, the stocks have risen 21.08% over the past one year. While a 52-week high of $20.07 was reached on 03/06/24, a 52-week low of $13.70 was recorded on 03/01/24. SMA at 50 days reached $17.37, while 200 days put it at $16.64. A total of 6.37 million shares were traded, compared to the trading of 8.6 million shares in the previous session.

Levels Of Support And Resistance For HPE Stock

The 24-hour chart illustrates a support level at 16.94, which if violated will result in even more drops to 16.81. On the upside, there is a resistance level at 17.24. A further resistance level may holdings at 17.41. The Relative Strength Index (RSI) on the 14-day chart is 49.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 31.62%. Stochastics %K at 71.79% indicates the stock is a holding.

The most recent change occurred on March 20, 2023 when Goldman began covering the stock and recommended ‘”a Neutral”‘ rating along with a $15 price target.

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