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Wolfe Research Upgrades Hudson Pacific Properties Inc (HPP) to an Outperform from a Peer perform

Hudson Pacific Properties Inc’s recent filing unveils that its Director SHOLEM BARRY A acquired Company’s shares for reported $0.27 million on Feb 22 ’24. In the deal valued at $6.69 per share,40,000 shares were bought. As a result of this transaction, SHOLEM BARRY A now holds 110,176 shares worth roughly $0.6 million.

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Then, SHOLEM BARRY A bought 40,000 shares, generating $267,600 in total proceeds. Upon buying the shares at $6.69, the Director now owns 70,176 shares.

Before that, Gordon Drew sold 10,000 shares. Hudson Pacific Properties Inc shares valued at $71,118 were divested by the Chief Investment Officer at a price of $7.11 per share. As a result of the transaction, Gordon Drew now holds 116,694 shares, worth roughly $0.63 million.

Wolfe Research upgraded its Hudson Pacific Properties Inc [HPP] rating to an Outperform from a a Peer perform in a research note published recently. A number of analysts have revised their coverage, including Wedbush’s analysts, who decreased its forecast for the stock in mid February from “an Outperform” to “a Neutral”. Jefferies also remained covering HPP and has increased its forecast on January 02, 2024 with a “Buy” recommendation from previously “Hold” rating. Goldman revised its rating on November 30, 2023. It rated HPP as “a Neutral” which previously was an “a Sell”.

Price Performance Review of HPP

On Friday, Hudson Pacific Properties Inc [NYSE:HPP] saw its stock unchanged to $5.43. Over the last five days, the stock has lost -1.45%. Hudson Pacific Properties Inc shares have fallen nearly -41.68% since the year began. Nevertheless, the stocks have risen 18.57% over the past one year. While a 52-week high of $9.85 was reached on 01/02/24, a 52-week low of $3.98 was recorded on 05/08/24. SMA at 50 days reached $6.13, while 200 days put it at $6.65. A total of 1.71 million shares were traded, compared to the trading of 1.53 million shares in the previous session.

Levels Of Support And Resistance For HPP Stock

The 24-hour chart illustrates a support level at 5.30, which if violated will result in even more drops to 5.18. On the upside, there is a resistance level at 5.53. A further resistance level may holdings at 5.64. The Relative Strength Index (RSI) on the 14-day chart is 40.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.84%. Stochastics %K at 23.83% indicates the stock is a holding.

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