Hewlett Packard Enterprise Co’s recently made public that its EVP, Pres & CEO Financial Serv Gold Gerri unloaded Company’s shares for reported $0.49 million on Jun 14 ’24. In the deal valued at $21.67 per share,22,784 shares were sold. As a result of this transaction, Gold Gerri now holds 57,081 shares worth roughly $1.21 million.
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Then, MacDonald Neil B sold 36,671 shares, generating $752,011 in total proceeds. Upon selling the shares at $20.51, the EVP, GM of Compute HPC AI now owns 111,054 shares.
Before that, Karros Kirt P sold 30,686 shares. Hewlett Packard Enterprise Co shares valued at $628,870 were divested by the SVP, Treasurer and FP&A at a price of $20.49 per share. As a result of the transaction, Karros Kirt P now holds 0 shares, worth roughly $0.0.
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 Monday, Hewlett Packard Enterprise Co [NYSE:HPE] saw its stock fall -0.05% to $21.16. Over the last five days, the stock has gained 3.37%. Hewlett Packard Enterprise Co shares have risen nearly 24.62% since the year began. Nevertheless, the stocks have risen 27.09% over the past one year. While a 52-week high of $22.82 was reached on 06/18/24, a 52-week low of $14.47 was recorded on 03/01/24. SMA at 50 days reached $18.69, while 200 days put it at $17.02. A total of 12.62 million shares were traded, compared to the trading of 17.4 million shares in the previous session.
Levels Of Support And Resistance For HPE Stock
The 24-hour chart illustrates a support level at 20.73, which if violated will result in even more drops to 20.31. On the upside, there is a resistance level at 21.45. A further resistance level may holdings at 21.75. The Relative Strength Index (RSI) on the 14-day chart is 62.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.12%. Stochastics%K at 40.72% indicates the stock is a holding.
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.
