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. Hewlett Packard Enterprise Co shares valued at $266,271 were sold by Cox Jeremy on Jan 06 ’25. At $23.00 per share, Cox Jeremy sold 11,577 shares. The insider’s holdings dropped to 48,615 shares worth approximately $0.99 million following the completion of this transaction.
Also, Cox Jeremy purchased 11,577 shares, netting a total of over 266,271 in proceeds.
Before that, RUSSO FIDELMA had sold 51,762 shares from its account. In a trade valued at $1,131,284, the EVP, GM, Hybrid Cloud & CTO traded Hewlett Packard Enterprise Co shares for $21.86 each. Upon closing the transaction, the insider’s holdings decreased to 51,762 shares, worth approximately $0.0.
As published in a research note from Deutsche Bank on December 19, 2024, Hewlett Packard Enterprise Co [HPE] has been rated up from a Hold to a Buy and the price target has been revised to $25. Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early December. As of December 05, 2024, Morgan Stanley has increased its “an Equal-weight” rating to a “an Overweight” for HPE. Earlier on November 18, 2024, Raymond James upgraded its rating. Their new recommendation was “a Strong buy” for HPE stock which previously was a “an Outperform”.
Analyzing HPE Stock Performance
During the last five days, there has been a drop of approximately -6.77%. Over the course of the year, Hewlett Packard Enterprise Co shares have dropped approximately -4.59%. Shares of the company reached a 52-week high of $24.66 on 01/22/25 and a 52-week low of $20.17 on 02/25/25. A 50-day SMA is recorded $21.85, while a 200-day SMA reached $20.31. Nevertheless, trading volume fell to 10.8 million shares from 11.06 million shares the previous day.
Support And Resistance Levels for Hewlett Packard Enterprise Co (HPE)
According to the 24-hour chart, there is a support level at 20.15, which, if violated, would cause prices to drop to 19.92. In the upper region, resistance lies at 20.69. The next price resistance is at 21.01. RSI (Relative Strength Index) is 36.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.76, which suggests the price will decrease in the coming days. Percent R is at 88.67%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
