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 $0.32 million following the completion of this transaction.
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Also, Jaffe Steven M. purchased 5,295 shares, netting a total of over 24,939 in proceeds. Following the buying of shares at $4.71 each, the insider now holds 36,561 shares.
Before that, Suazo Arthur X. had added 5,600 shares to its account. In a trade valued at $25,536, the EVP, Leasing bought Hudson Pacific Properties Inc shares for $4.56 each. Upon closing the transaction, the insider’s holdings increased to 5,600 shares, worth approximately $0.49 million.
As published in a research note from Wolfe Research on August 14, 2024, Hudson Pacific Properties Inc [HPP] has been rated down from an Outperform to a Peer perform. Analysts at Piper Sandler downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in early August. As of August 08, 2024, BMO Capital Markets has decreased its “an Outperform” rating to a “Market perform” for HPP. Earlier on July 10, 2024, Morgan Stanley downgraded its rating. Their new recommendation was “an Underweight” for HPP stock which previously was a “an Equal-weight”.
Analyzing HPP Stock Performance
During the last five days, there has been a surge of approximately 2.12%. Over the course of the year, Hudson Pacific Properties Inc shares have dropped approximately -42.96%. 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 $5.18, while a 200-day SMA reached $6.30. Nevertheless, trading volume fell to 1.85 million shares from 1.26 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 5.23, which, if violated, would cause prices to drop to 5.14. In the upper region, resistance lies at 5.48. The next price resistance is at 5.64. RSI (Relative Strength Index) is 52.12 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.43, which suggests the price will decrease in the coming days. Percent R is at 28.79%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
