In a filing, Hubbell Inc revealed its Chairman, President & CEO Bakker Gerben unloaded Company’s shares for reported $5.87 million on Aug 09 ’24. In the deal valued at $374.34 per share,15,677 shares were sold. As a result of this transaction, Bakker Gerben now holds 66,415 shares worth roughly $28.27 million.
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Then, Bakker Gerben bought 15,677 shares, generating $5,868,545 in total proceeds.
Before that, CARDOSO CARLOS M sold 450 shares. Hubbell Inc shares valued at $164,043 were divested by the Director at a price of $364.54 per share. As a result of the transaction, CARDOSO CARLOS M now holds 1,670 shares, worth roughly $0.71 million.
JP Morgan downgraded its Hubbell Inc [HUBB] rating to a Neutral from a an Overweight in a research note published on October 10, 2024; the price target was increased to $454 from $385. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who increased its forecast for the stock in early September from “a Hold” to “a Buy”. Morgan Stanley began covering HUBB with “an Equal-weight” recommendation on September 06, 2024. Deutsche Bank started covering the stock on March 11, 2024. It rated HUBB as “a Hold”.
Price Performance Review of HUBB
On Friday, Hubbell Inc [NYSE:HUBB] saw its stock fall -0.31% to $425.70. Over the last five days, the stock has lost -4.23%. Hubbell Inc shares have risen nearly 29.42% since the year began. Nevertheless, the stocks have risen 52.53% over the past one year. While a 52-week high of $461.77 was reached on 10/15/24, a 52-week low of $272.36 was recorded on 01/05/24. SMA at 50 days reached $421.42, while 200 days put it at $390.70.
Levels Of Support And Resistance For HUBB Stock
The 24-hour chart illustrates a support level at 420.79, which if violated will result in even more drops to 415.89. On the upside, there is a resistance level at 429.30. A further resistance level may holdings at 432.91. The Relative Strength Index (RSI) on the 14-day chart is 41.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -17.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.31%. Stochastics %K at 19.67% indicates the stock is a buying.
How much short interest is there in Hubbell Inc?
A steep rise in short interest was recorded in Hubbell Inc stocks on 2024-10-15, growing by 0.13 million shares to a total of 2.3 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.17 million shares. There was a rise of 5.72%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on December 08, 2023 when TD Cowen began covering the stock and recommended ‘”an Outperform”‘ rating along with a $338 price target.
