The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Service Properties Trust shares valued at $17,820 were purchased by Donley Brian E. on May 25. At $5.94 per share, Donley Brian E. acquired 3,000 shares. The insider’s holdings grew to 38,341 shares worth approximately $0.24 million following the completion of this transaction.
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Also, Donley Brian E. purchased 3,000 shares, netting a total of over 19,800 in proceeds. Following the buying of shares at $6.60 each, the insider now holds 35,341 shares.
Before that, Donley Brian E. had added 2,000 shares to its account. In a trade valued at $19,940, the CFO and Treasurer bought Service Properties Trust shares for $9.97 each. Upon closing the transaction, the insider’s holdings increased to 2,000 shares, worth approximately $0.21 million.
As published in their initiating research note from Oppenheimer on April 22, 2022, Service Properties Trust [SVC] has been a Perform and the price target has been revised to $8.50. This represents a 25.06% premium over Wednesday’s closing price. Analysts at B. Riley Securities resumed the stock at ‘”a Buy”‘ outlook in a report released in late February. As of October 18, 2021, Wells Fargo has decreased its “an Equal weight” rating to a “an Underweight” for SVC. Earlier on August 10, 2021, B. Riley Securities upgraded its rating. Their new recommendation was “a Buy” for SVC stock which previously was a “a Neutral”.
Analyzing SVC’s Price Performance
On Wednesday, Service Properties Trust [NASDAQ: SVC] plunged -4.93% to $6.37. The stock’s lowest price that day was $6.35, but it reached a high of $6.84 in the same session. During the last five days, there has been a drop of approximately -5.63%. Over the course of the year, Service Properties Trust shares have dropped approximately -27.53%. Shares of the company reached a 52-week high of $9.94 on 01/07/22 and a 52-week low of $4.65 on 06/23/22. A 50-day SMA is recorded $6.95, while a 200-day SMA reached $7.62. Nevertheless, trading volume fell to 1.19 million shares from 0.65 million shares the previous day.
Support And Resistance Levels for Service Properties Trust (SVC)
According to the 24-hour chart, there is a support level at 6.20, which, if violated, would cause prices to drop to 6.03. In the upper region, resistance lies at 6.69. The next price resistance is at 7.01. RSI (Relative Strength Index) is 37.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.14, which suggests the price will decrease in the coming days. Percent R is at 87.58%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Service Properties Trust subject to short interest?
Stocks of Service Properties Trust saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.6 million shares to 4.79 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 4.19 million shares. A jump of 12.53% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.53 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.53.
Which companies own the most shares of Service Properties Trust (SVC)?
According to The Vanguard Group, Inc. filings, the company currently owns 26,320,503 shares, which is about 15.94% of the total SVC shares outstanding. The investor’s shares have appreciated by 918,247 from its previous 13-F filing of 25402256.0 shares. With the completion of the sale transaction, BlackRock Fund Advisors’s stake is now worth $174,992,419. SSgA Funds Management, Inc. reduced a -0.90% interest valued at $73.56 million while Flat Footed LLC purchased a 2,313,887 stake. A total of -120,300 shares of Service Properties Trust were bought by LSV Asset Management during the quarter, and 14,784 were bought by Geode Capital Management LLC. In its current portfolio, The Capital Management Corp. holds 2,995,525 shares valued at $20.49 million.