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 $49,400 were purchased by Andrew Wattula on Sep 20 ’24. At $5.28 per share, Andrew Wattula acquired 9,356 shares.
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Also, Wattula Andy sold 9,356 shares, netting a total of over 49,400 in proceeds. Following the sale of shares at $5.28 each, the insider now holds 61,068 shares.
Before that, GLASER JONATHAN M had sold 9,287 shares from its account. In a trade valued at $48,292, the Director traded Hudson Pacific Properties Inc shares for $5.20 each. Upon closing the transaction, the insider’s holdings decreased to 9,287 shares, worth approximately $17413.97.
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 drop of approximately -1.68%. Over the course of the year, Hudson Pacific Properties Inc shares have dropped approximately -49.62%. 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 $5.08, while a 200-day SMA reached $6.11. Nevertheless, trading volume fell to 2.8 million shares from 1.21 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 4.52, which, if violated, would cause prices to drop to 4.34. In the upper region, resistance lies at 4.78. The next price resistance is at 4.87. RSI (Relative Strength Index) is 43.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.25, which suggests the price will decrease in the coming days. Percent R is at 77.33%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
