In a filing, Hewlett Packard Enterprise Co revealed its EVP, GM, Hybrid Cloud & CTO RUSSO FIDELMA unloaded Company’s shares for reported $1.13 million on Dec 12 ’24. In the deal valued at $21.86 per share,51,762 shares were sold. As a result of this transaction, RUSSO FIDELMA now holds 0 shares worth roughly $0.0.
Then, Major Kristin K sold 7,116 shares, generating $154,986 in total proceeds. Upon selling the shares at $21.78, the EVP, Chief People Officer now owns 0 shares.
Before that, MacDonald Neil B sold 17,852 shares. Hewlett Packard Enterprise Co shares valued at $388,817 were divested by the EVP, GM of Compute HPC AI at a price of $21.78 per share. As a result of the transaction, MacDonald Neil B now holds 57,180 shares, worth roughly $1.25 million.
Deutsche Bank upgraded its Hewlett Packard Enterprise Co [HPE] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in early December from “a Neutral” to “a Buy”. Morgan Stanley also remained covering HPE and has increased its forecast on December 05, 2024 with a “an Overweight” recommendation from previously “an Equal-weight” rating. Raymond James revised its rating on November 18, 2024. It rated HPE as “a Strong buy” which previously was an “an Outperform”.
Price Performance Review of HPE
On Friday, Hewlett Packard Enterprise Co [NYSE:HPE] saw its stock jump 1.63% to $21.82. Over the last five days, the stock has lost -0.95%. Hewlett Packard Enterprise Co shares have risen nearly 2.20% since the year began. Nevertheless, the stocks have risen 28.05% over the past one year. While a 52-week high of $24.24 was reached on 01/03/25, a 52-week low of $14.47 was recorded on 01/02/25. SMA at 50 days reached $21.30, while 200 days put it at $19.50.
Levels Of Support And Resistance For HPE Stock
The 24-hour chart illustrates a support level at 21.56, which if violated will result in even more drops to 21.29. On the upside, there is a resistance level at 21.97. A further resistance level may holdings at 22.11. The Relative Strength Index (RSI) on the 14-day chart is 52.74, 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 bullish at 16.45%. Stochastics %K at 63.24% indicates the stock is a holding.
How much short interest is there in Hewlett Packard Enterprise Co?
A steep rise in short interest was recorded in Hewlett Packard Enterprise Co stocks on 2024-11-15, dropping by -3.39 million shares to a total of 33.64 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 37.03 million shares. There was a decline of -10.08%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 09, 2024 when Deutsche Bank began covering the stock and recommended ‘”a Hold”‘ rating along with a $22 price target.
