Potential Price Increase for Hilton Worldwide Holdings Inc (HLT) After Recent Insider Activity

Hilton Worldwide Holdings Inc’s filing revealed that its insider NASSETTA CHRISTOPHER J unloaded Company’s shares for reported $4.26 million on Feb 09. In the deal valued at $192.83 per share,22,095 shares were sold. As a result of this transaction, NASSETTA CHRISTOPHER J now holds 2,567,871 shares worth roughly $493.44 million.

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Then, NASSETTA CHRISTOPHER J sold 21,489 shares, generating $4,205,070 in total proceeds. Upon selling the shares at $195.68, the insider now owns 2,536,478 shares.

Before that, Silcock Christopher W sold 10,863 shares. Hilton Worldwide Holdings Inc shares valued at $1,809,892 were divested by the insider at a price of $166.61 per share. As a result of the transaction, Silcock Christopher W now holds 58,256 shares, worth roughly $11.19 million.

Evercore ISI downgraded its Hilton Worldwide Holdings Inc [HLT] rating to an In-line from a an Outperform in a research note published recently.

Price Performance Review of HLT

On Friday, Hilton Worldwide Holdings Inc [NYSE:HLT] saw its stock fall -1.23% to $192.16. Over the last five days, the stock has lost -1.46%. Hilton Worldwide Holdings Inc shares have risen nearly 5.53% since the year began. Nevertheless, the stocks have risen 30.47% over the past one year. While a 52-week high of $198.15 was reached on 02/07/24, a 52-week low of $129.86 was recorded on 01/05/24. SMA at 50 days reached $182.42, while 200 days put it at $157.91. A total of 1.6 million shares were traded, compared to the trading of 1.63 million shares in the previous session.

Levels Of Support And Resistance For HLT Stock

The 24-hour chart illustrates a support level at 191.22, which if violated will result in even more drops to 190.28. On the upside, there is a resistance level at 193.56. A further resistance level may holdings at 194.96. The Relative Strength Index (RSI) on the 14-day chart is 59.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.57, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 54.11%. Stochastics %K at 65.74% indicates the stock is a holding.

How much short interest is there in Hilton Worldwide Holdings Inc?

A steep rise in short interest was recorded in Hilton Worldwide Holdings Inc stocks on Jan 31, 2024, dropping by -1.19 million shares to a total of 2.56 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2023 was 3.75 million shares. There was a decline of -46.48%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.03% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.78.

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