Insider Selling: HSBC Holdings plc (LON:HSBA) Insider Sells 43,451 Shares of Stock

HSBC Holdings plc (LON:HSBA - Get Free Report) insider Georges Elhedery sold 43,451 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of GBX 926 ($11.92), for a total transaction of £402,356.26 ($518,033.04).

HSBC Trading Down 2.5 %

Shares of HSBA stock traded down GBX 21.60 ($0.28) during trading hours on Monday, reaching GBX 854.80 ($11.01). 26,885,848 shares of the company's stock were exchanged, compared to its average volume of 26,109,102. The stock's 50 day moving average is GBX 846.20 and its 200-day moving average is GBX 750.76. The company has a market cap of £190.84 billion, a price-to-earnings ratio of 8.22, a P/E/G ratio of 5.97 and a beta of 0.52. HSBC Holdings plc has a fifty-two week low of GBX 572.90 ($7.38) and a fifty-two week high of GBX 950.20 ($12.23).

Analyst Upgrades and Downgrades

Separately, Citigroup boosted their price objective on shares of HSBC from GBX 960 ($12.36) to GBX 1,070 ($13.78) and gave the stock a "buy" rating in a research note on Thursday.

HSBC Company Profile

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.