Hewlett Packard Enterprise Co’s recently made public that its Director Gary M. Reiner acquired Company’s shares for reported $1.19 million on Dec 09 ’24. In the deal valued at $23.85 per share,50,000 shares were bought.
Then, Cox Jeremy bought 7,771 shares, generating $178,733 in total proceeds.
Before that, Neri Antonio F sold 250,000 shares. Hewlett Packard Enterprise Co shares valued at $5,181,625 were divested by the President and CEO at a price of $20.73 per share. As a result of the transaction, Neri Antonio F now holds 1,508,641 shares, worth roughly $34.86 million.
Citigroup upgraded its Hewlett Packard Enterprise Co [HPE] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in early December from “an Equal-weight” to “an Overweight”. Raymond James also remained covering HPE and has increased its forecast on November 18, 2024 with a “Strong buy” recommendation from previously “an Outperform” rating. Deutsche Bank started covering the stock on October 09, 2024. It rated HPE as “a Hold”.
Price Performance Review of HPE
On Monday, Hewlett Packard Enterprise Co [NYSE:HPE] saw its stock fall -3.51% to $23.11. Over the last five days, the stock has gained 8.75%. Hewlett Packard Enterprise Co shares have risen nearly 36.10% since the year began. Nevertheless, the stocks have risen 43.36% over the past one year. While a 52-week high of $24.24 was reached on 12/06/24, a 52-week low of $14.47 was recorded on 03/01/24. SMA at 50 days reached $20.95, while 200 days put it at $19.10.
Levels Of Support And Resistance For HPE Stock
The 24-hour chart illustrates a support level at 22.81, which if violated will result in even more drops to 22.50. On the upside, there is a resistance level at 23.67. A further resistance level may holdings at 24.22. The Relative Strength Index (RSI) on the 14-day chart is 62.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.05, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 31.35%. Stochastics %K at 69.61% 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 2024-11-15, dropping by -3.39 million shares to a total of 33.64 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 37.03 million shares. There was a decline of -10.08%, which implies that there is a negative sentiment for the stock.
