Pebblebrook Hotel Trust’s filing revealed that its Co-President,CFO,Treasurer,Sec Martz Raymond D unloaded Company’s shares for reported $0.18 million on Feb 26 ’24. In the deal valued at $15.72 per share,11,441 shares were sold. As a result of this transaction, Martz Raymond D now holds 253,385 shares worth roughly $3.89 million.
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Then, Fisher Thomas Charles sold 11,441 shares, generating $178,697 in total proceeds. Upon selling the shares at $15.62, the Co-President, C Investmt Ofcr now owns 254,449 shares.
Before that, BORTZ JON E bought 16,000 shares. Pebblebrook Hotel Trust shares valued at $261,700 were divested by the Chairman and CEO at a price of $16.36 per share. As a result of the transaction, BORTZ JON E now holds 22,000 shares, worth roughly $0.34 million.
BofA Securities downgraded its Pebblebrook Hotel Trust [PEB] rating to an Underperform from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Wedbush’s analysts, who began to cover the stock in early October with a ‘”a Neutral”‘ rating. Wolfe Research began covering PEB with “Peer perform” recommendation on September 28, 2023. Raymond James revised its rating on December 09, 2022. It rated PEB as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of PEB
On Tuesday, Pebblebrook Hotel Trust [NYSE:PEB] saw its stock fall -0.58% to $15.35. Over the last five days, the stock has lost -1.98%. Pebblebrook Hotel Trust shares have fallen nearly -3.94% since the year began. Nevertheless, the stocks have risen 18.90% over the past one year. While a 52-week high of $16.65 was reached on 02/21/24, a 52-week low of $11.39 was recorded on 02/07/24. SMA at 50 days reached $15.77, while 200 days put it at $14.36. A total of 1.16 million shares were traded, compared to the trading of 2.12 million shares in the previous session.
Levels Of Support And Resistance For PEB Stock
The 24-hour chart illustrates a support level at 15.22, which if violated will result in even more drops to 15.10. On the upside, there is a resistance level at 15.57. A further resistance level may holdings at 15.80. The Relative Strength Index (RSI) on the 14-day chart is 41.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.67%. Stochastics %K at 18.89% indicates the stock is a buying.
How much short interest is there in Pebblebrook Hotel Trust?
A steep rise in short interest was recorded in Pebblebrook Hotel Trust stocks on Feb 29, 2024, growing by 1.65 million shares to a total of 18.85 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 17.2 million shares. There was a rise of 8.75%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 23.62% of the overall stock float, the days-to-cover ratio (short ratio) rose to 11.51.
The most recent change occurred on December 05, 2022 when Morgan Stanley began covering the stock and recommended ‘”an Underweight”‘ rating along with a $15 price target.
