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HCP Shares Experience Decline in Value

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. HashiCorp Inc shares valued at $469,594 were sold by Holmes Marc on Jun 10 ’24. At $33.74 per share, Holmes Marc sold 13,916 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.

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Also, Dadgar Armon sold 35,904 shares, netting a total of over 1,208,306 in proceeds. Following the sale of shares at $33.65 each, the insider now holds 1,517,548 shares.

Before that, Dadgar Armon had sold 35,904 shares from its account. In a trade valued at $1,197,187, the CHIEF TECHNOLOGY OFFICER traded HashiCorp Inc shares for $33.34 each. Upon closing the transaction, the insider’s holdings decreased to 35,904 shares, worth approximately $51.7 million.

As published in a research note from BTIG Research on April 24, 2024, HashiCorp Inc [HCP] has been rated down from a Buy to a Neutral. Analysts at KeyBanc Capital Markets started covering the stock with ‘”a Sector weight”‘ outlook in a report released in mid March. As of March 12, 2024, Scotiabank has increased its “Sector perform” rating to a “Sector outperform” for HCP. Earlier on February 26, 2024, Morgan Stanley upgraded its rating. Their new recommendation was “an Overweight” for HCP stock which previously was a “an Equal-weight”.

Analyzing HCP Stock Performance

During the last five days, there has been a drop of approximately -2.09%. Over the course of the year, HashiCorp Inc shares have jumped approximately 40.78%. Shares of the company reached a 52-week high of $34.05 on 06/12/24 and a 52-week low of $20.89 on 01/17/24. A 50-day SMA is recorded $31.52, while a 200-day SMA reached $25.34. Nevertheless, trading volume fell to 8.54 million shares from 1.6 million shares the previous day.

Support And Resistance Levels for HashiCorp Inc (HCP)

According to the 24-hour chart, there is a support level at 33.06, which, if violated, would cause prices to drop to 32.83. In the upper region, resistance lies at 33.55. The next price resistance is at 33.82. RSI (Relative Strength Index) is 55.37 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.19, which suggests the price will decrease in the coming days. Percent R is at 81.48%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

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