HP Inc’s recently made public that its President and CEO LORES ENRIQUE unloaded Company’s shares for reported $7.01 million on Sep 12 ’24. In the deal valued at $33.16 per share,211,501 shares were sold. As a result of this transaction, LORES ENRIQUE now holds 3 shares worth roughly $110.46000000000001.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, LORES ENRIQUE bought 211,501 shares, generating $7,012,593 in total proceeds.
Before that, CHO ALEX sold 173,137 shares. HP Inc shares valued at $6,251,977 were divested by the President, Personal Systems at a price of $36.11 per share. As a result of the transaction, CHO ALEX now holds 64,676 shares, worth roughly $2.38 million.
Citigroup downgraded its HP Inc [HPQ] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in late September from “a Buy” to “a Neutral”. JP Morgan also remained covering HPQ and reiterated its “an Overweight” recommendation on August 23, 2024. Morgan Stanley revised its rating on August 19, 2024. It rated HPQ as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of HPQ
On Friday, HP Inc [NYSE:HPQ] saw its stock fall -1.39% to $36.82. Over the last five days, the stock has gained 1.49%. HP Inc shares have risen nearly 22.37% since the year began. Nevertheless, the stocks have risen 35.32% over the past one year. While a 52-week high of $39.52 was reached on 05/30/24, a 52-week low of $27.01 was recorded on 04/24/24. SMA at 50 days reached $35.77, while 200 days put it at $33.02.
Levels Of Support And Resistance For HPQ Stock
The 24-hour chart illustrates a support level at 36.56, which if violated will result in even more drops to 36.30. On the upside, there is a resistance level at 37.20. A further resistance level may holdings at 37.58. The Relative Strength Index (RSI) on the 14-day chart is 53.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.46, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.30%. Stochastics %K at 71.17% indicates the stock is a holding.
How much short interest is there in HP Inc?
A steep rise in short interest was recorded in HP Inc stocks on 2024-10-15, growing by 12.07 million shares to a total of 42.82 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 30.75 million shares. There was a rise of 28.19%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on May 30, 2024 when TD Cowen resumed its ‘”a Hold”‘ rating for the stock and retained the price target to $32.
