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Hudson Pacific Properties Inc [HPP] Records 50-Day SMA of $5.13

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Hudson Pacific Properties Inc shares valued at $19,958 were purchased by Barton Christopher James on May 31 ’24. At $4.83 per share, Barton Christopher James acquired 4,132 shares. The insider’s holdings grew to 60,358 shares worth approximately $0.3 million following the completion of this transaction.

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Also, Suazo Arthur X. purchased 5,600 shares, netting a total of over 25,536 in proceeds. Following the buying of shares at $4.56 each, the insider now holds 92,702 shares.

Before that, Jaffe Steven M. had added 5,295 shares to its account. In a trade valued at $24,939, the EVP, Business Affairs bought Hudson Pacific Properties Inc shares for $4.71 each. Upon closing the transaction, the insider’s holdings increased to 5,295 shares, worth approximately $0.18 million.

As published in a research note from Wolfe Research on March 18, 2024, Hudson Pacific Properties Inc [HPP] has been rated up from a Peer perform to an Outperform and the price target has been revised to $8.40. Analysts at Wedbush downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in mid February. As of January 02, 2024, Jefferies has increased its “Hold” rating to a “Buy” for HPP. Earlier on November 30, 2023, Goldman upgraded its rating. Their new recommendation was “a Neutral” for HPP stock which previously was a “a Sell”.

Analyzing HPP Stock Performance

During the last five days, there has been a surge of approximately 4.65%. Over the course of the year, Hudson Pacific Properties Inc shares have dropped approximately -46.83%. Shares of the company reached a 52-week high of $9.85 on 01/02/24 and a 52-week low of $4.26 on 05/29/24. A 50-day SMA is recorded $5.13, while a 200-day SMA reached $6.39. Nevertheless, trading volume fell to 1.32 million shares from 2.07 million shares the previous day.

Support And Resistance Levels for Hudson Pacific Properties Inc (HPP)

According to the 24-hour chart, there is a support level at 4.97, which, if violated, would cause prices to drop to 4.87. In the upper region, resistance lies at 5.14. The next price resistance is at 5.21. RSI (Relative Strength Index) is 51.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.04, which suggests the price will decrease in the coming days. Percent R is at 12.24%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

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