The Potential Rise in the Price of Marriott International Inc. (MAR) following insiders activity


In a filing, Marriott International Inc. revealed its Director HIPPEAU ERIC unloaded Company’s shares for reported $1.15 million on Nov 21. In the deal valued at $160.24 per share,7,200 shares were sold. As a result of this transaction, HIPPEAU ERIC now holds 7,261 shares worth roughly $ 1.23 million.

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Then, Breland Benjamin T. sold 625 shares, generating $101,250 in total proceeds. Upon selling the shares at $162.00, the EVP & Chief HR Officer now owns 7,102 shares.

Before that, HIPPEAU ERIC sold 13,987 shares. Marriott International Inc. shares valued at $2,220,716 were divested by the Director at a price of $158.77 per share. As a result of the transaction, HIPPEAU ERIC now holds 14,461 shares, worth roughly $2.45 million.

Jefferies downgraded its Marriott International Inc. [MAR] rating to a Hold from a a Buy in a research note published on Tuesday. PT values the company’s stock at a premium of -2.19 to its Tuesday closing price. A number of analysts have revised their coverage, including Barclays’s analysts, who decreased its forecast for the stock in mid December from “an Overweight” to “an Equal weight”. Citigroup also remained covering MAR and has decreased its forecast on December 14, 2022 with a “Neutral” recommendation from previously “Buy” rating. Morgan Stanley started covering the stock on December 05, 2022. It rated MAR as “an Overweight”.

Price Performance Review of MAR

On Tuesday, Marriott International Inc. [NASDAQ:MAR] saw its stock jump 0.36% to $169.63. On the same session, the stock had its day’s lowest price of $167.59, but rose to a high of $169.70. Over the last five days, the stock has gained 5.37%. Marriott International Inc. shares have risen nearly 13.93% since the year began. Nevertheless, the stocks have risen 8.05% over the past one year. While a 52-week high of $195.90 was reached on 01/23/23, a 52-week low of $131.01 was recorded on 01/03/23. SMA at 50 days reached $157.94, while 200 days put it at $157.02. A total of 1.63 million shares were traded, compared to the trading of 2.59 million shares in the previous session.

Levels Of Support And Resistance For MAR Stock

The 24-hour chart illustrates a support level at 168.25, which if violated will result in even more drops to 166.86. On the upside, there is a resistance level at 170.36. A further resistance level may holdings at 171.08. The Relative Strength Index (RSI) on the 14-day chart is 71.72, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 9.56, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.78%. Stochastics %K at 98.21% indicates the stock is a selling.

How much short interest is there in Marriott International Inc.?

A steep rise in short interest was recorded in Marriott International Inc. stocks on Oct 13, 2022, growing by 0.7 million shares to a total of 5.44 million shares. Yahoo Finance data shows the prior-month short interest on Sep 14, 2022 was 4.74 million shares. There was a rise of 12.87%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.91% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.5.

Marriott International Inc. [MAR] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 21,899,790 shares, or roughly 6.92% of the outstanding MAR shares. In other words, the investor’s shares have risen by 546,092 from its previous 13-F filing of 21353698.0. Additionally, BlackRock Fund Advisors increased 0.82% of its stake after which the total value it holdings stand at $1,677,017,602, while SSgA Funds Management, Inc. added 0.48% of its stake to hold $1.6 billion in the firm. Over the last quarter, Fidelity Management & Research Co sold -2,317,523 shares of Marriott International Inc., while Massachusetts Financial Services sold 371,366 shares. At present, Eagle Capital Management LLC is holding 6,387,859 shares valued at $951.09 million. JPMorgan Investment Management, I owned 6,301,341 shares of the company at the time of its most recent 13F filing, worth $938.21 million.

According to FactSet, Marriott International Inc.’s share price will average $172.91 in the next year, based on opinions of analysts polled by the firm. This is up nearly 1.76 percent from its previous closing price of $169.02. Analysts expect Marriott International Inc. stock to reach the higher price of $193.00, while the lowest price estimate is $153.00. However, 22 analysts have rated MAR stock as a Hold in their predictions for 2023. The most recent change occurred on November 30, 2022 when Redburn began covering the stock and recommended ‘”a Sell”‘ rating.


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