Playa Hotels & Resorts N.V.’s recent filing unveils that its Director Peterson Karl Mr. unloaded Company’s shares for reported $47250.0 on Mar 19 ’24. In the deal valued at $9.45 per share,5,000 shares were sold. As a result of this transaction, Peterson Karl Mr. now holds 2,534,033 shares worth roughly $24.3 million.
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Then, Buhler Brandon B sold 35,915 shares, generating $324,672 in total proceeds. Upon selling the shares at $9.04, the Chief Accounting Officer now owns 102,598 shares.
Before that, Peterson Karl Mr. sold 20,000 shares. Playa Hotels & Resorts N.V. shares valued at $184,400 were divested by the Director at a price of $9.22 per share. As a result of the transaction, Peterson Karl Mr. now holds 2,539,033 shares, worth roughly $24.35 million.
BofA Securities downgraded its Playa Hotels & Resorts N.V. [PLYA] rating to an Underperform from a a Buy in a research note published on June 26, 2023; the price target was decreased to $8 from $10. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in mid December from “a Neutral” to “a Buy”. Truist also remained covering PLYA and has increased its forecast on May 09, 2022 with a “Buy” recommendation from previously “Hold” rating. Oppenheimer started covering the stock on April 22, 2022. It rated PLYA as “an Outperform”.
Price Performance Review of PLYA
On Friday, Playa Hotels & Resorts N.V. [NASDAQ:PLYA] saw its stock fall -0.52% to $9.59. Over the last five days, the stock has gained 2.13%. Playa Hotels & Resorts N.V. shares have risen nearly 10.87% since the year began. Nevertheless, the stocks have risen 8.98% over the past one year. While a 52-week high of $9.77 was reached on 03/21/24, a 52-week low of $6.88 was recorded on 01/22/24. SMA at 50 days reached $8.83, while 200 days put it at $8.02. A total of 0.79 million shares were traded, compared to the trading of 1.01 million shares in the previous session.
Levels Of Support And Resistance For PLYA Stock
The 24-hour chart illustrates a support level at 9.54, which if violated will result in even more drops to 9.48. On the upside, there is a resistance level at 9.67. A further resistance level may holdings at 9.74. The Relative Strength Index (RSI) on the 14-day chart is 66.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 24.27%. Stochastics %K at 84.47% indicates the stock is a selling.
How much short interest is there in Playa Hotels & Resorts N.V.?
A steep rise in short interest was recorded in Playa Hotels & Resorts N.V. stocks on Feb 29, 2024, growing by 0.28 million shares to a total of 3.19 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 2.91 million shares. There was a rise of 8.78%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.55% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.54.
Playa Hotels & Resorts N.V. [PLYA] – Who Are The Largest Shareholders?
In filings from N/A, it is revealed that the company now owns N/A shares, or roughly N/A of the outstanding PLYA shares. .
The most recent change occurred on April 13, 2021 when BofA Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $10 price target.
