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. Hudson Pacific Properties Inc shares valued at $143,500 were purchased by COLEMAN VICTOR J on Dec 18 ’24. At $2.87 per share, COLEMAN VICTOR J acquired 50,000 shares. The insider’s holdings grew to 487,451 shares worth approximately $1.48 million following the completion of this transaction.
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Also, COLEMAN VICTOR J purchased 50,000 shares, netting a total of over 176,500 in proceeds. Following the buying of shares at $3.53 each, the insider now holds 437,451 shares.
Before that, Andrew Wattula had added 9,356 shares to its account. In a trade valued at $49,400, the Officer bought Hudson Pacific Properties Inc shares for $5.28 each.
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 -2.88%. Over the course of the year, Hudson Pacific Properties Inc shares have dropped approximately -67.35%. Shares of the company reached a 52-week high of $9.85 on 01/02/24 and a 52-week low of $2.39 on 12/19/24. A 50-day SMA is recorded $3.85, while a 200-day SMA reached $4.95. Nevertheless, trading volume fell to 2.24 million shares from 7.29 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 2.89, which, if violated, would cause prices to drop to 2.74. In the upper region, resistance lies at 3.12. The next price resistance is at 3.20. RSI (Relative Strength Index) is 41.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.21, which suggests the price will decrease in the coming days. Percent R is at 55.94%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
