Hubbell Inc’s filing revealed that its Director Malloy John F acquired Company’s shares for reported $0.21 million on Dec 10 ’24. In the deal valued at $446.96 per share,461 shares were bought. As a result of this transaction, Malloy John F now holds 18,628 shares worth roughly $7.8 million.
Then, Mikes Mark Eugene sold 1,144 shares, generating $533,328 in total proceeds. Upon selling the shares at $466.20, the President Electrical Solutions now owns 2,957 shares.
Before that, DEL NERO JONATHAN M. sold 141 shares. Hubbell Inc shares valued at $67,250 were divested by the Vice President, Controller at a price of $476.95 per share. As a result of the transaction, DEL NERO JONATHAN M. now holds 4,316 shares, worth roughly $1.81 million.
Deutsche Bank downgraded its Hubbell Inc [HUBB] rating to a Hold from a a Buy in a research note published on November 26, 2024; the price target was decreased to $473 from $493. A number of analysts have revised their coverage, including Bernstein’s analysts, who began to cover the stock in early November with a ‘”an Outperform”‘ rating. JP Morgan also remained covering HUBB and has decreased its forecast on October 10, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Deutsche Bank revised its rating on September 06, 2024. It rated HUBB as “a Buy” which previously was an “a Hold”.
Price Performance Review of HUBB
On Tuesday, Hubbell Inc [NYSE:HUBB] saw its stock fall -0.07% to $418.89. Over the last five days, the stock has lost -1.65%. Hubbell Inc shares have risen nearly 27.35% since the year began. Nevertheless, the stocks have risen 27.35% over the past one year. While a 52-week high of $481.35 was reached on 11/06/24, a 52-week low of $315.38 was recorded on 01/05/24. SMA at 50 days reached $446.91, while 200 days put it at $407.83.
Levels Of Support And Resistance For HUBB Stock
The 24-hour chart illustrates a support level at 416.92, which if violated will result in even more drops to 414.95. On the upside, there is a resistance level at 421.54. A further resistance level may holdings at 424.19. The Relative Strength Index (RSI) on the 14-day chart is 33.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -14.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.08%. Stochastics %K at 12.20% indicates the stock is a buying.
How much short interest is there in Hubbell Inc?
A steep rise in short interest was recorded in Hubbell Inc stocks on 2024-12-13, growing by 0.39 million shares to a total of 2.3 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 1.92 million shares. There was a rise of 16.79%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 06, 2024 when Morgan Stanley began covering the stock and recommended ‘”an Equal-weight”‘ rating along with a $407 price target.
