Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. HP Inc shares valued at $2,560,077 were sold by Ludgate Kristen M on Dec 13 ’24. At $34.43 per share, Ludgate Kristen M sold 74,356 shares. The insider’s holdings dropped to 56,169 shares worth approximately $1.82 million following the completion of this transaction.
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Also, Ludgate Kristen M purchased 74,356 shares, netting a total of over 2,560,166 in proceeds.
Before that, CHO ALEX had added 40,287 shares to its account. In a trade valued at $1,401,988, the Officer bought HP Inc shares for $34.80 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 drop of approximately -7.20%. Over the course of the year, HP Inc shares have jumped approximately 7.88%. 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 $36.39, while a 200-day SMA reached $34.04. Nevertheless, trading volume fell to 7.61 million shares from 10.01 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 32.11, which, if violated, would cause prices to drop to 31.75. In the upper region, resistance lies at 32.98. The next price resistance is at 33.49. RSI (Relative Strength Index) is 31.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.10, which suggests the price will decrease in the coming days. Percent R is at 95.92%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
