Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Hudson Pacific Properties Inc shares valued at $176,500 were purchased by COLEMAN VICTOR J on Nov 25 ’24. At $3.53 per share, COLEMAN VICTOR J acquired 50,000 shares. The insider’s holdings grew to 437,451 shares worth approximately $1.56 million following the completion of this transaction.
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Also, Andrew Wattula purchased 9,356 shares, netting a total of over 49,400 in proceeds.
Before that, Wattula Andy had sold 9,356 shares from its account. In a trade valued at $49,400, the Chief Operating Officer traded Hudson Pacific Properties Inc shares for $5.28 each. Upon closing the transaction, the insider’s holdings decreased to 9,356 shares, worth approximately $0.22 million.
As published in a research note from Jefferies on November 12, 2024, Hudson Pacific Properties Inc [HPP] has been rated down from a Buy to a Hold and the price target has been revised to $5 from $5.50. Analysts at Wolfe Research downgraded the stock from ‘”an Outperform”‘ to ‘”a Peer perform”‘ outlook in a report released in mid August. As of August 08, 2024, Piper Sandler has decreased its “an Overweight” rating to a “Neutral” for HPP. Earlier on August 08, 2024, BMO Capital Markets downgraded its rating. Their new recommendation was “a Market perform” for HPP stock which previously was a “an Outperform”.
Analyzing HPP Stock Performance
During the last five days, there has been a drop of approximately -7.53%. Over the course of the year, Hudson Pacific Properties Inc shares have dropped approximately -61.76%. Shares of the company reached a 52-week high of $9.85 on 01/02/24 and a 52-week low of $3.01 on 11/22/24. A 50-day SMA is recorded $4.23, while a 200-day SMA reached $5.17. Nevertheless, trading volume fell to 3.9 million shares from 4.58 million shares the previous day.
Support And Resistance Levels for Hudson Pacific Properties Inc (HPP)
According to the 24-hour chart, there is a support level at 3.43, which, if violated, would cause prices to drop to 3.29. In the upper region, resistance lies at 3.73. The next price resistance is at 3.90. RSI (Relative Strength Index) is 41.32 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.14, which suggests the price will decrease in the coming days. Percent R is at 42.11%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
