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 $7,013,373 were sold by LORES ENRIQUE on Sep 12 ’24. At $33.16 per share, LORES ENRIQUE sold 211,501 shares. The insider’s holdings dropped to 3 shares worth approximately $103.59 following the completion of this transaction.
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Also, LORES ENRIQUE purchased 211,501 shares, netting a total of over 7,012,593 in proceeds.
Before that, CHO ALEX had sold 173,137 shares from its account. In a trade valued at $6,251,977, the President, Personal Systems traded HP Inc shares for $36.11 each. Upon closing the transaction, the insider’s holdings decreased to 173,137 shares, worth approximately $2.23 million.
As published in a research note from JP Morgan on August 23, 2024, HP Inc [HPQ] has been retained to an Overweight and the price target has been revised to $42. Analysts at Morgan Stanley downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in mid August. As of May 30, 2024, TD Cowen has reiterated its “Hold” rating for HPQ. Earlier on May 21, 2024, Barclays upgraded its rating. Their new recommendation was “an Equal weight” for HPQ stock which previously was a “an Underweight”.
Analyzing HPQ Stock Performance
During the last five days, there has been a surge of approximately 3.48%. Over the course of the year, HP Inc shares have jumped approximately 14.76%. 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 $35.21, while a 200-day SMA reached $31.82. Nevertheless, trading volume fell to 7.08 million shares from 10.05 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 34.23, which, if violated, would cause prices to drop to 33.92. In the upper region, resistance lies at 34.91. The next price resistance is at 35.28. RSI (Relative Strength Index) is 50.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.10, which suggests the price will decrease in the coming days. Percent R is at 55.91%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
