Hewlett Packard Enterprise Co’s recently made public that its SVP, Controller & CTO Cox Jeremy unloaded Company’s shares for reported $0.27 million on Jan 06 ’25. In the deal valued at $23.00 per share,11,577 shares were sold. As a result of this transaction, Cox Jeremy now holds 48,615 shares worth roughly $1.15 million.
Then, Cox Jeremy bought 11,577 shares, generating $266,271 in total proceeds.
Before that, RUSSO FIDELMA sold 51,762 shares. Hewlett Packard Enterprise Co shares valued at $1,131,284 were divested by the EVP, GM, Hybrid Cloud & CTO at a price of $21.86 per share. As a result of the transaction, RUSSO FIDELMA now holds 0 shares, worth roughly $0.0.
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 Tuesday, Hewlett Packard Enterprise Co [NYSE:HPE] saw its stock jump 2.42% to $23.70. Over the last five days, the stock has gained 7.83%. Hewlett Packard Enterprise Co shares have risen nearly 11.01% since the year began. Nevertheless, the stocks have risen 58.42% over the past one year. While a 52-week high of $24.24 was reached on 01/21/25, a 52-week low of $14.47 was recorded on 01/02/25. SMA at 50 days reached $21.90, while 200 days put it at $19.76.
Levels Of Support And Resistance For HPE Stock
The 24-hour chart illustrates a support level at 23.29, which if violated will result in even more drops to 22.88. On the upside, there is a resistance level at 23.93. A further resistance level may holdings at 24.16. The Relative Strength Index (RSI) on the 14-day chart is 64.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.03, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.90%. Stochastics %K at 84.87% indicates the stock is a selling.
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.
