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Raymond James upgrades Hewlett Packard Enterprise Co (HPE) rating to a Strong buy

In a filing, Hewlett Packard Enterprise Co revealed its President and CEO Neri Antonio F unloaded Company’s shares for reported $5.18 million on Oct 14 ’24. In the deal valued at $20.73 per share,250,000 shares were sold. As a result of this transaction, Neri Antonio F now holds 1,508,641 shares worth roughly $33.34 million.

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Then, Cox Jeremy sold 7,770 shares, generating $163,170 in total proceeds. Upon selling the shares at $21.00, the SVP, Controller & CTO now owns 7,771 shares.

Before that, Cox Jeremy bought 7,770 shares. Hewlett Packard Enterprise Co shares valued at $163,170 were divested by the Officer at a price of $21.00 per share.

Raymond James upgraded its Hewlett Packard Enterprise Co [HPE] rating to a Strong buy from a an Outperform in a research note published on November 18, 2024; the price target was increased to $29 from $23. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in early October with a ‘”a Hold”‘ rating. Barclays also remained covering HPE and has increased its forecast on September 25, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating.

Price Performance Review of HPE

On Friday, Hewlett Packard Enterprise Co [NYSE:HPE] saw its stock jump 1.66% to $22.10. Over the last five days, the stock has gained 4.89%. Hewlett Packard Enterprise Co shares have risen nearly 30.15% since the year began. Nevertheless, the stocks have risen 40.05% over the past one year. While a 52-week high of $22.82 was reached on 06/18/24, a 52-week low of $14.47 was recorded on 03/01/24. SMA at 50 days reached $20.35, while 200 days put it at $18.77.

Levels Of Support And Resistance For HPE Stock

The 24-hour chart illustrates a support level at 21.81, which if violated will result in even more drops to 21.51. On the upside, there is a resistance level at 22.31. A further resistance level may holdings at 22.51. The Relative Strength Index (RSI) on the 14-day chart is 63.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 11.81%. Stochastics %K at 73.33% indicates the stock is a holding.

How much short interest is there in Hewlett Packard Enterprise Co?

A steep rise in short interest was recorded in Hewlett Packard Enterprise Co stocks on 2024-10-31, dropping by -4.63 million shares to a total of 33.08 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 37.71 million shares. There was a decline of -14.0%, which implies that there is a negative sentiment for the stock.

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