What's Going On With HubSpot Stock Monday?
HubSpot Inc. (NYSE: HUBS ) stock fell more than 5% on Monday as rising oil prices and Treasury yields pressured software stocks. Elevated energy prices fueled inflation concerns and expectations that interest rates could stay higher for longer, weighing on growth-oriented technology shares. The Nasdaq is down 0.91% while the S&P 500 has shed 0.56%. Market breadth remains weak, with only three of 11 sectors trading higher. The Technology sector is down about 0.6%, adding pressure on software and other growth stocks. HubSpot Technical Analysis HubSpot remains in a bearish longer-term trend. The stock is trading 19.4% below its 200-day simple moving average of $249.79. It is also 12.7% below its 50-day SMA of $230.86 and 13.4% below its 20-day SMA of $232.47. Meanwhile, the MACD remains below its signal line, while the histogram is negative. That suggests momentum remains weak. Resistance sits near $233, close to the 20-day and 50-day moving averages. Support is around $185.50, followed by the 52-week low of $169.63. See More: Top Value Stocks Analyst Outlook HubSpot carries a Buy consensus rating with an average price forecast of $258.04. On Sept. 21, BMO Capital maintained a Market
HubSpot Inc. (NYSE: HUBS ) stock fell more than 5% on Monday as rising oil prices and Treasury yields pressured software stocks. Elevated energy prices fueled inflation concerns and expectations that interest rates could stay higher for longer, weighing on growth-oriented technology shares. 56%.
Market breadth remains weak, with only three of 11 sectors trading higher. 6%, adding pressure on software and other growth stocks. HubSpot Technical Analysis HubSpot remains in a bearish longer-term trend. 79.
47. Meanwhile, the MACD remains below its signal line, while the histogram is negative. That suggests momentum remains weak. Resistance sits near $233, close to the 20-day and 50-day moving averages.
63. 04. On Sept. 21, BMO Capital maintained a Market Perform rating and raised its price forecast to $250.
Truist Securities maintained a Buy rating and raised its forecast to $275. Stephens maintained an Equal-Weight rating and raised its forecast to $255. 1. Edge Rankings The Edge scorecard shows a mixed setup for HubSpot.
66. 71. That combination points to strong underlying growth metrics but weak share-price momentum and a relatively demanding valuation. 67% weighting.
As a result, flows into or out of these funds can create incremental buying or selling activity in HubSpot shares. 07 at the time of publication on Monday, according to Pro data. Image via Shutterstock Read Also: NVIDIA Flexes Its Cash Muscle With Record $150 Billion Buyback Increase