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 $353,427 were sold by CHO ALEX on Nov 29 ’24. At $34.32 per share, CHO ALEX sold 10,298 shares. The insider’s holdings dropped to 64,676 shares worth approximately $2.34 million following the completion of this transaction.
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Also, LORES ENRIQUE purchased 105,751 shares, netting a total of over 3,692,275 in proceeds.
Before that, CHO ALEX had added 10,298 shares to its account. In a trade valued at $353,427, the Officer bought HP Inc shares for $34.32 each.
As published in a research note from HSBC Securities on November 29, 2024, HP Inc [HPQ] has been rated down from a Buy to a Hold and the price target has been revised to $38 from $39. Analysts at TD Cowen resumed the stock at ‘”a Hold”‘ outlook in a report released in late November. As of October 01, 2024, Citigroup has decreased its “Buy” rating to a “Neutral” for HPQ. Earlier on September 27, 2024, BofA Securities downgraded its rating. Their new recommendation was “a Neutral” for HPQ stock which previously was a “a Buy”.
Analyzing HPQ Stock Performance
During the last five days, there has been a surge of approximately 4.36%. Over the course of the year, HP Inc shares have jumped approximately 20.21%. Shares of the company reached a 52-week high of $39.79 on 11/25/24 and a 52-week low of $27.42 on 04/24/24. A 50-day SMA is recorded $36.66, while a 200-day SMA reached $33.77. Nevertheless, trading volume fell to 8.16 million shares from 0.14 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 35.93, which, if violated, would cause prices to drop to 35.68. In the upper region, resistance lies at 36.52. The next price resistance is at 36.86. RSI (Relative Strength Index) is 46.80 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.56, which suggests the price will decrease in the coming days. Percent R is at 57.91%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
