In a filing, Hubbell Inc revealed its President Electrical Solutions Mikes Mark Eugene unloaded Company’s shares for reported $0.53 million on Nov 07 ’24. In the deal valued at $466.20 per share,1,144 shares were sold. As a result of this transaction, Mikes Mark Eugene now holds 2,957 shares worth roughly $1.32 million.
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Then, DEL NERO JONATHAN M. sold 141 shares, generating $67,250 in total proceeds. Upon selling the shares at $476.95, the Vice President, Controller now owns 4,316 shares.
Before that, Mikes Mark Eugene bought 1,144 shares. Hubbell Inc shares valued at $533,328 were divested by the Officer at a price of $466.20 per share.
Bernstein initiated its Hubbell Inc [HUBB] rating to an Outperform in a research note published on November 05, 2024; the price target was $535. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in early October from “an Overweight” to “a Neutral”. Deutsche Bank also remained covering HUBB and has increased its forecast on September 06, 2024 with a “Buy” recommendation from previously “Hold” rating. Morgan Stanley started covering the stock on September 06, 2024. It rated HUBB as “an Equal-weight”.
Price Performance Review of HUBB
On Monday, Hubbell Inc [NYSE:HUBB] saw its stock jump 1.67% to $444.93. Over the last five days, the stock has lost -4.52%. Hubbell Inc shares have risen nearly 35.27% since the year began. Nevertheless, the stocks have risen 53.64% over the past one year. While a 52-week high of $481.35 was reached on 11/06/24, a 52-week low of $287.06 was recorded on 01/05/24. SMA at 50 days reached $436.41, while 200 days put it at $397.05.
Levels Of Support And Resistance For HUBB Stock
The 24-hour chart illustrates a support level at 437.17, which if violated will result in even more drops to 429.42. On the upside, there is a resistance level at 450.70. A further resistance level may holdings at 456.48. The Relative Strength Index (RSI) on the 14-day chart is 50.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.87%. Stochastics %K at 34.58% indicates the stock is a holding.
How much short interest is there in Hubbell Inc?
A steep rise in short interest was recorded in Hubbell Inc stocks on 2024-10-31, dropping by -0.29 million shares to a total of 2.04 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.32 million shares. There was a decline of -14.12%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 11, 2024 when Deutsche Bank began covering the stock and recommended ‘”a Hold”‘ rating along with a $427 price target.
