Hubbell Incorporated (HUBB) has been making headlines recently with its share price reaching a new 52-week high. The stock traded as high as $398.24 and last traded at $394.53, with a volume of 25739 shares. Analysts have been closely monitoring the stock and recent news for any potential impact on its price.
Forecast:
- Weekly Forecast: 🔴 (-4.2%)
- Monthly Forecast: 🔴 (-2.3%)
Recent News:
🔴 Fulton Bank N.A. reduced its stake in Hubbell Incorporated by 7.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission.
🟢 Vest Financial LLC acquired a new stake in shares of Hubbell Incorporated during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC.
🔴 Harbor Capital Advisors Inc. lessened its holdings in Hubbell Incorporated by 16.5% during the 4th quarter.
🟢 Vanguard Group Inc. grew its holdings in Hubbell Incorporated by 1.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission.
🔴 IFM Investors Pty Ltd lessened its position in Hubbell Incorporated by 4.4% in the 4th quarter, according to the company in its most recent filing with the SEC.
Impact on Price:
The recent reduction in stakes by Fulton Bank N.A. and Harbor Capital Advisors Inc. may have contributed to a negative sentiment surrounding Hubbell Incorporated stock, leading to the downward forecast for the coming weeks. However, the acquisitions by Vest Financial LLC and the growth in holdings by Vanguard Group Inc. could potentially provide some support to the stock price.
Overall, the mixed news surrounding Hubbell Incorporated’s stakeholders’ activities may result in some volatility in the stock price in the short term. Investors are advised to keep a close eye on any further developments and analyst recommendations to make informed decisions regarding their positions in HUBB.
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