Hewlett Packard Enterprise Co’s filing revealed that its President and CEO Neri Antonio F unloaded Company’s shares for reported $1.64 million on Sep 25 ’24. In the deal valued at $19.72 per share,83,334 shares were sold. As a result of this transaction, Neri Antonio F now holds 1,758,641 shares worth roughly $35.98 million.
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Then, Neri Antonio F sold 166,666 shares, generating $3,086,254 in total proceeds. Upon selling the shares at $18.52, the President and CEO now owns 1,841,975 shares.
Before that, Antonio F. Neri bought 500,000 shares. Hewlett Packard Enterprise Co shares valued at $9,135,000 were divested by the Director at a price of $18.27 per share.
Barclays upgraded its Hewlett Packard Enterprise Co [HPE] rating to an Overweight from a an Equal weight in a research note published on September 25, 2024; the price target was increased to $24 from $20. BofA Securities also remained covering HPE and has increased its forecast on September 17, 2024 with a “Buy” recommendation from previously “Neutral” rating. Argus revised its rating on June 07, 2024. It rated HPE as “a Buy” which previously was an “a Hold”.
Price Performance Review of HPE
On Monday, Hewlett Packard Enterprise Co [NYSE:HPE] saw its stock jump 1.59% to $20.46. Over the last five days, the stock has gained 8.66%. Hewlett Packard Enterprise Co shares have risen nearly 20.49% since the year began. Nevertheless, the stocks have risen 16.05% over the past one year. While a 52-week high of $22.82 was reached on 06/18/24, a 52-week low of $14.47 was recorded on 03/01/24. SMA at 50 days reached $18.58, while 200 days put it at $17.89.
Levels Of Support And Resistance For HPE Stock
The 24-hour chart illustrates a support level at 20.10, which if violated will result in even more drops to 19.73. On the upside, there is a resistance level at 20.67. A further resistance level may holdings at 20.87. The Relative Strength Index (RSI) on the 14-day chart is 67.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.72, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.05%. Stochastics %K at 96.19% indicates the stock is a selling.
How much short interest is there in Hewlett Packard Enterprise Co?
A steep rise in short interest was recorded in Hewlett Packard Enterprise Co stocks on 2024-09-13, growing by 15.63 million shares to a total of 40.03 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 24.4 million shares. There was a rise of 39.04%, which implies that there is a positive sentiment for the stock.
