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. HP Inc shares valued at $7,013,373 were sold by LORES ENRIQUE on Sep 12 ’24. At $33.16 per share, LORES ENRIQUE sold 211,501 shares. The insider’s holdings dropped to 3 shares worth approximately $110.03999999999999 following the completion of this transaction.
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Also, LORES ENRIQUE purchased 211,501 shares, netting a total of over 7,012,593 in proceeds.
Before that, CHO ALEX had sold 173,137 shares from its account. In a trade valued at $6,251,977, the President, Personal Systems traded HP Inc shares for $36.11 each. Upon closing the transaction, the insider’s holdings decreased to 173,137 shares, worth approximately $2.37 million.
As published in a research note from Citigroup on October 01, 2024, HP Inc [HPQ] has been rated down from a Buy to a Neutral and the price target has been revised to $37. Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late September. As of August 23, 2024, JP Morgan has reiterated its “an Overweight” rating for HPQ. Earlier on August 19, 2024, Morgan Stanley downgraded its rating. Their new recommendation was “an Equal-weight” for HPQ stock which previously was a “an Overweight”.
Analyzing HPQ Stock Performance
During the last five days, there has been a drop of approximately -0.35%. Over the course of the year, HP Inc shares have jumped approximately 21.90%. Shares of the company reached a 52-week high of $39.52 on 05/30/24 and a 52-week low of $27.42 on 04/24/24. A 50-day SMA is recorded $36.17, while a 200-day SMA reached $33.34. Nevertheless, trading volume fell to 4.87 million shares from 4.67 million shares the previous day.
Support And Resistance Levels for HP Inc (HPQ)
According to the 24-hour chart, there is a support level at 36.41, which, if violated, would cause prices to drop to 36.14. In the upper region, resistance lies at 36.97. The next price resistance is at 37.25. RSI (Relative Strength Index) is 50.13 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.15, which suggests the price will decrease in the coming days. Percent R is at 62.48%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
