Georges Elhedery Sells 43,451 Shares of HSBC Holdings plc (LON:HSBA) Stock

HSBC Holdings plc (LON:HSBA - Get Free Report) insider Georges Elhedery sold 43,451 shares of HSBC stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of GBX 926 ($11.97), for a total value of £402,356.26 ($520,108.92).

HSBC Stock Down 1.3 %

HSBA traded down GBX 11 ($0.14) during trading on Monday, hitting GBX 865.40 ($11.19). The company's stock had a trading volume of 229,573,078 shares, compared to its average volume of 30,331,752. The business's 50 day simple moving average is GBX 844.73 and its 200-day simple moving average is GBX 749.33. The firm has a market cap of £193.21 billion, a PE ratio of 8.32, a P/E/G ratio of 5.97 and a beta of 0.52. HSBC Holdings plc has a one year low of GBX 572.90 ($7.41) and a one year high of GBX 950.20 ($12.28).

Wall Street Analyst Weigh In

Separately, Citigroup upped their price objective on HSBC from GBX 960 ($12.41) to GBX 1,070 ($13.83) and gave the company a "buy" rating in a research report on Thursday.

About HSBC

With assets of $3.0tn and operations in 62 countries and territories at 31 December 2022, HSBC is one of the largest banking and financial services organisations in the world. We serve approximately 39 million personal, wealth and corporate customers through three global businesses. We have around 180,000 shareholders in 126 countries and territories.