Hudson Pacific Properties Inc. (NYSE: HPP) shares fell on Thursday Dec 1 with lower trade volume than normal after a number of analysts weighed in on the investing value of the stock and reiterated thier respective ratings.
Meanwhile, U.S. stocks opened with slight gains on Thursday.
The Dow Jones Industrial Average DJIA, +0.31% rose 38.22 points, or 0.2%, to 19,174, while the S&P 500 SPX, +0.01% added 2.1 points to 2,202, a rise of 0.1%.
The Nasdaq Composite Index COMP, -0.32% rose less than 1 point to 5,323, essentially unchanged on the day.
Hudson Pacific Properties Inc. (NYSE: HPP) had its Hold rating reiterated by equities researchers at Wells Fargo & Co. in a research note to investors. With a rating of Hold on the shares, the company has a 52-week high of $34.89. The one-year price target of $38.40 is above the opening price of $34.83, causing a fair amount of other analysts to issue statements on the company in recent days. Usually, after analysts issue a “reiterated rating” report on a stock, they will subsequently issue other revisions, often followed by a price target change.
Hudson Pacific Properties Inc. (NYSE: HPP) shares last traded at $34.83, a dip of $0.04 per share or -0.11% from the previous closing price. Opening at $34.83, they fluctuated from $34.51 and $34.89 throughout the day.
Hudson Pacific Properties Inc. (NYSE: HPP) now has a market cap of 4.01B.
Hudson Pacific Properties Inc. (NYSE: HPP) Average Daily Trading Volume
135,356 shares crossed the trading desk yesterday, lower than normal, out of a total float 106,137,000. Look for trading volume to pick up in the coming days as swing traders often use increases in trading volume to pinpoint heavy volume accumulation or circulation by institutional investors.
While an increase in trading for one day will not mean much, however, a trend of heavy trading volume on the buy side over a series of days or weeks delivers a positive signal to market traders that institutions may be moving in, so institutional sponsorship is critical.
Institutional sponsorship is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.
These instituitional investors have substantial teams of analysts that research thousands of stocks. So watching their interests is a good way to make sure you are buying the right stocks.
Hudson Pacific Properties Inc. (NYSE: HPP) Moving Averages
A moving average can also act as support or resistance. In an uptrend a 50-day, 100-day or 200-day moving average may act as a support level, as shown in the figure below.
This is because the average acts like a floor (support), so the price bounces up off of it.
In a downtrend a moving average may act as resistance; like a ceiling, the price hits it and then starts to drop again.
By spotting trends, moving averages allow traders to make those trends work in their favor and increase the number of winning trades.
Trades for Hudson Pacific Properties Inc. (NYSE: HPP) have ranged from $22.77 – 34.89, and the stock now has a 50-day MA of $32.96 and 200-day MA of $31.62. Today’s last price is 0.17%% below the 52 week high of $34.89.
Earnings growth is a crucial factor to research when investing in stocks and investors watch for companies that have grown their earnings by at least 25% for 3 consecutive years.
DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of the website. Readers should not consider statements made by the author as formal recommendations and should consult their financial adviser before making any investment decisions. To read our full disclosure, please see our terms and conditions page.