Hubbell Inc.’s recent filing unveils that its Officer Bakker Gerben acquired Company’s shares for reported $5.87 million on Aug 09 ’24. In the deal valued at $374.34 per share,15,677 shares were bought.
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Then, Bakker Gerben sold 15,677 shares, generating $5,868,579 in total proceeds. Upon selling the shares at $374.34, the Chairman, President & CEO now owns 66,415 shares.
Before that, CARDOSO CARLOS M bought 450 shares. Hubbell Inc. shares valued at $164,043 were divested by the Director at a price of $364.54 per share.
Deutsche Bank initiated its Hubbell Inc. [HUBB] rating to a Hold in a research note published on March 11, 2024; the price target was $427. A number of analysts have revised their coverage, including TD Cowen’s analysts, who began to cover the stock in early December with a ‘”an Outperform”‘ rating. Barclays began covering HUBB with “an Equal weight” recommendation on December 04, 2023. JP Morgan revised its rating on November 17, 2023. It rated HUBB as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of HUBB
On Tuesday, Hubbell Inc. [NYSE:HUBB] saw its stock jump 0.48% to $375.08. Over the last five days, the stock has gained 3.89%. Hubbell Inc. shares have risen nearly 14.03% since the year began. Nevertheless, the stocks have risen 22.19% over the past one year. While a 52-week high of $429.61 was reached on 04/04/24, a 52-week low of $248.37 was recorded on 01/05/24. SMA at 50 days reached $373.54, while 200 days put it at $359.53.
Levels Of Support And Resistance For HUBB Stock
The 24-hour chart illustrates a support level at 371.14, which if violated will result in even more drops to 367.20. On the upside, there is a resistance level at 379.54. A further resistance level may holdings at 384.00. The Relative Strength Index (RSI) on the 14-day chart is 51.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.08, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 49.62%. Stochastics%K at 50.45% indicates the stock is a holding.
How much short interest is there in Hubbell Inc.?
A steep rise in short interest was recorded in Hubbell Inc. stocks on
The most recent change occurred on November 08, 2023 when Seaport Research Partners began covering the stock and recommended ‘”a Buy”‘ rating along with a $325 price target.
