HP Inc’s recently made public that its Chief People Officer Ludgate Kristen M unloaded Company’s shares for reported $2.56 million on Dec 13 ’24. In the deal valued at $34.43 per share,74,356 shares were sold. As a result of this transaction, Ludgate Kristen M now holds 56,169 shares worth roughly $1.87 million.
Then, Ludgate Kristen M bought 74,356 shares, generating $2,560,166 in total proceeds.
Before that, CHO ALEX bought 40,287 shares. HP Inc shares valued at $1,401,988 were divested by the Officer at a price of $34.80 per share.
HSBC Securities downgraded its HP Inc [HPQ] rating to a Hold from a a Buy in a research note published on November 29, 2024; the price target was decreased to $38 from $39. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in late November has reiterated a ‘”a Hold”‘ rating for it. Citigroup also remained covering HPQ and has decreased its forecast on October 01, 2024 with a “Neutral” recommendation from previously “Buy” rating. BofA Securities revised its rating on September 27, 2024. It rated HPQ as “a Neutral” which previously was an “a Buy”.
Price Performance Review of HPQ
On Friday, HP Inc [NYSE:HPQ] saw its stock fall -0.45% to $33.28. Over the last five days, the stock has gained 2.53%. HP Inc shares have risen nearly 10.60% since the year began. Nevertheless, the stocks have risen 10.05% over the past one year. While a 52-week high of $39.79 was reached on 11/25/24, a 52-week low of $27.42 was recorded on 04/24/24. SMA at 50 days reached $36.01, while 200 days put it at $34.10.
Levels Of Support And Resistance For HPQ Stock
The 24-hour chart illustrates a support level at 33.04, which if violated will result in even more drops to 32.79. On the upside, there is a resistance level at 33.46. A further resistance level may holdings at 33.63. The Relative Strength Index (RSI) on the 14-day chart is 38.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.59%. Stochastics %K at 26.62% indicates the stock is a holding.
How much short interest is there in HP Inc?
A steep rise in short interest was recorded in HP Inc stocks on 2024-11-15, dropping by -4.76 million shares to a total of 38.06 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 42.82 million shares. There was a decline of -12.5%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on August 23, 2024 when JP Morgan resumed its ‘”an Overweight”‘ rating for the stock and retained the price target to $42.
