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Hudson Pacific Properties Inc (HPP) rating downgrades by Jefferies

In a filing, Hudson Pacific Properties Inc revealed its Chief Executive Officer COLEMAN VICTOR J acquired Company’s shares for reported $0.18 million on Nov 25 ’24. In the deal valued at $3.53 per share,50,000 shares were bought. As a result of this transaction, COLEMAN VICTOR J now holds 437,451 shares worth roughly $1.54 million.

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Then, Andrew Wattula bought 9,356 shares, generating $49,400 in total proceeds.

Before that, Wattula Andy sold 9,356 shares. Hudson Pacific Properties Inc shares valued at $49,400 were divested by the Chief Operating Officer at a price of $5.28 per share. As a result of the transaction, Wattula Andy now holds 61,068 shares, worth roughly $0.21 million.

Jefferies downgraded its Hudson Pacific Properties Inc [HPP] rating to a Hold from a a Buy in a research note published on November 12, 2024; the price target was decreased to $5 from $5.50. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who decreased its forecast for the stock in mid August from “an Outperform” to “a Peer perform”. Piper Sandler also remained covering HPP and has decreased its forecast on August 08, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. BMO Capital Markets revised its rating on August 08, 2024. It rated HPP as “a Market perform” which previously was an “an Outperform”.

Price Performance Review of HPP

On Monday, Hudson Pacific Properties Inc [NYSE:HPP] saw its stock fall -1.12% to $3.52. Over the last five days, the stock has lost -7.12%. Hudson Pacific Properties Inc shares have fallen nearly -62.19% since the year began. Nevertheless, the stocks have fallen -54.23% over the past one year. While a 52-week high of $9.85 was reached on 01/02/24, a 52-week low of $3.01 was recorded on 11/22/24. SMA at 50 days reached $4.18, while 200 days put it at $5.14.

Levels Of Support And Resistance For HPP Stock

The 24-hour chart illustrates a support level at 3.33, which if violated will result in even more drops to 3.13. On the upside, there is a resistance level at 3.79. A further resistance level may holdings at 4.06. The Relative Strength Index (RSI) on the 14-day chart is 40.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.32%. Stochastics %K at 56.49% indicates the stock is a holding.

How much short interest is there in Hudson Pacific Properties Inc?

A steep rise in short interest was recorded in Hudson Pacific Properties Inc stocks on 2024-11-15, growing by 0.16 million shares to a total of 23.78 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 23.62 million shares. There was a rise of 0.69%, which implies that there is a positive sentiment for the stock.

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