Hewlett Packard Enterprise Co’s recently made public that its EVP, GM of Compute HPC AI MacDonald Neil B unloaded Company’s shares for reported $0.75 million on Jun 11 ’24. In the deal valued at $20.51 per share,36,671 shares were sold. As a result of this transaction, MacDonald Neil B now holds 111,054 shares worth roughly $2.4 million.
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Then, Karros Kirt P sold 30,686 shares, generating $628,870 in total proceeds. Upon selling the shares at $20.49, the SVP, Treasurer and FP&A now owns 0 shares.
Before that, Neri Antonio F sold 365,945 shares. Hewlett Packard Enterprise Co shares valued at $7,345,541 were divested by the President and CEO at a price of $20.07 per share. As a result of the transaction, Neri Antonio F now holds 2,008,641 shares, worth roughly $43.39 million.
Argus upgraded its Hewlett Packard Enterprise Co [HPE] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in early March from “an Overweight” to “an Equal weight”. Bernstein also remained covering HPE and has decreased its forecast on January 16, 2024 with a “Mkt perform” recommendation from previously “an Outperform” rating. Morgan Stanley revised its rating on November 30, 2023. It rated HPE as “an Equal-weight” which previously was an “an Underweight”.
Price Performance Review of HPE
On Friday, Hewlett Packard Enterprise Co [NYSE:HPE] saw its stock fall -0.74% to $21.60. Over the last five days, the stock has gained 7.84%. Hewlett Packard Enterprise Co shares have risen nearly 27.21% since the year began. Nevertheless, the stocks have risen 28.49% over the past one year. While a 52-week high of $21.90 was reached on 06/13/24, a 52-week low of $14.47 was recorded on 03/01/24. SMA at 50 days reached $17.98, while 200 days put it at $16.83. A total of 18.45 million shares were traded, compared to the trading of 22.93 million shares in the previous session.
Levels Of Support And Resistance For HPE Stock
The 24-hour chart illustrates a support level at 21.30, which if violated will result in even more drops to 21.00. On the upside, there is a resistance level at 21.86. A further resistance level may holdings at 22.12. The Relative Strength Index (RSI) on the 14-day chart is 77.12, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.94, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.54%. Stochastics %K at 94.60% indicates the stock is a selling.
The most recent change occurred on June 30, 2023 when Citigroup began covering the stock and recommended ‘”a Neutral”‘ rating along with a $18 price target.
