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HPQ Shares Experience Surge 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. HP Inc shares valued at $6,251,977 were sold by CHO ALEX on Jun 21 ’24. At $36.11 per share, CHO ALEX sold 173,137 shares. The insider’s holdings dropped to 64,676 shares worth approximately $2.26 million following the completion of this transaction.

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Also, BENNETT ROBERT R sold 67,000 shares, netting a total of over 2,010,670 in proceeds. Following the sale of shares at $30.01 each, the insider now holds 60,216 shares.

Before that, Liebman Stephanie had sold 8,708 shares from its account. In a trade valued at $269,338, the Global Controller traded HP Inc shares for $30.93 each. Upon closing the transaction, the insider’s holdings decreased to 8,708 shares, worth approximately $0.0.

As published in a research note from TD Cowen on May 30, 2024, HP Inc [HPQ] has been retained to a Hold and the price target has been revised to $32. Analysts at Barclays upgraded the stock from ‘”an Underweight”‘ to ‘”an Equal weight”‘ outlook in a report released in late May. As of February 14, 2024, HSBC Securities has increased its “Hold” rating to a “Buy” for HPQ. Earlier on December 12, 2023, Morgan Stanley upgraded its rating. Their new recommendation was “an Overweight” for HPQ stock which previously was a “an Equal-weight”.

Analyzing HPQ Stock Performance

During the last five days, there has been a drop of approximately -0.60%. Over the course of the year, HP Inc shares have jumped approximately 15.92%. Shares of the company reached a 52-week high of $39.52 on 05/30/24 and a 52-week low of $27.42 on 04/24/24. A 50-day SMA is recorded $32.86, while a 200-day SMA reached $29.64. Nevertheless, trading volume fell to 3.99 million shares from 5.83 million shares the previous day.

Support And Resistance Levels for HP Inc (HPQ)

According to the 24-hour chart, there is a support level at 34.68, which, if violated, would cause prices to drop to 34.51. In the upper region, resistance lies at 35.06. The next price resistance is at 35.26. RSI (Relative Strength Index) is 50.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.79, which suggests the price will decrease in the coming days. Percent R is at 83.81%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

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