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. Hewlett Packard Enterprise Co shares valued at $1,117,478 were purchased by RUSSO FIDELMA on Oct 02 ’24. At $19.99 per share, RUSSO FIDELMA acquired 55,908 shares.
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Also, RUSSO FIDELMA sold 55,908 shares, netting a total of over 1,117,478 in proceeds. Following the sale of shares at $19.99 each, the insider now holds 0 shares.
Before that, Neri Antonio F had sold 83,334 shares from its account. In a trade valued at $1,643,746, the President and CEO traded Hewlett Packard Enterprise Co shares for $19.72 each. Upon closing the transaction, the insider’s holdings decreased to 83,334 shares, worth approximately $35.79 million.
As published in a research note from Barclays on September 25, 2024, Hewlett Packard Enterprise Co [HPE] has been rated up from an Equal weight to an Overweight and the price target has been revised to $24 from $20. As of September 17, 2024, BofA Securities has increased its “Neutral” rating to a “Buy” for HPE. Earlier on June 07, 2024, Argus upgraded its rating. Their new recommendation was “a Buy” for HPE stock which previously was a “a Hold”.
Analyzing HPE Stock Performance
Over the course of the year, Hewlett Packard Enterprise Co shares have jumped approximately 19.85%. Shares of the company reached a 52-week high of $22.82 on 06/18/24 and a 52-week low of $14.47 on 03/01/24. A 50-day SMA is recorded $18.57, while a 200-day SMA reached $17.94. Nevertheless, trading volume fell to 10.88 million shares from 12.85 million shares the previous day.
Support And Resistance Levels for Hewlett Packard Enterprise Co (HPE)
According to the 24-hour chart, there is a support level at 20.11, which, if violated, would cause prices to drop to 19.87. In the upper region, resistance lies at 20.71. The next price resistance is at 21.07. RSI (Relative Strength Index) is 62.95 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.93, which suggests the price will decrease in the coming days. Percent R is at 11.94%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
