Hilton Grand Vacations Inc’s filing revealed that its insider Corbin Charles R. Jr. unloaded Company’s shares for reported $1.05 million on Mar 12 ’24. In the deal valued at $45.49 per share,23,000 shares were sold. As a result of this transaction, Corbin Charles R. Jr. now holds 140,618 shares worth roughly $6.67 million.
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Then, Wang Mark D sold 46,388 shares, generating $2,114,975 in total proceeds. Upon selling the shares at $45.59, the insider now owns 729,907 shares.
Before that, Corbin Charles R. Jr. sold 38,557 shares. Hilton Grand Vacations Inc shares valued at $1,780,706 were divested by the insider at a price of $46.18 per share. As a result of the transaction, Corbin Charles R. Jr. now holds 166,997 shares, worth roughly $7.92 million.
Mizuho initiated its Hilton Grand Vacations Inc [HGV] rating to a Buy in a research note published on March 26, 2024; the price target was $63. A number of analysts have revised their coverage, including JMP Securities’s analysts, who began to cover the stock in mid February with a ‘”a Mkt outperform”‘ rating. Jefferies also remained covering HGV and has increased its forecast on January 02, 2024 with a “Buy” recommendation from previously “Hold” rating. Deutsche Bank started covering the stock on September 07, 2023. It rated HGV as “a Buy”.
Price Performance Review of HGV
On Tuesday, Hilton Grand Vacations Inc [NYSE:HGV] saw its stock jump 3.52% to $47.40. Over the last five days, the stock has gained 5.90%. Hilton Grand Vacations Inc shares have risen nearly 17.97% since the year began. Nevertheless, the stocks have risen 13.75% over the past one year. While a 52-week high of $49.02 was reached on 02/28/24, a 52-week low of $33.13 was recorded on 01/16/24. SMA at 50 days reached $44.11, while 200 days put it at $41.98. A total of 0.99 million shares were traded, compared to the trading of 0.55 million shares in the previous session.
Levels Of Support And Resistance For HGV Stock
The 24-hour chart illustrates a support level at 46.62, which if violated will result in even more drops to 45.84. On the upside, there is a resistance level at 47.79. A further resistance level may holdings at 48.18. The Relative Strength Index (RSI) on the 14-day chart is 61.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 0.00%. Stochastics %K at 73.77% indicates the stock is a holding.
How much short interest is there in Hilton Grand Vacations Inc?
A steep rise in short interest was recorded in Hilton Grand Vacations Inc stocks on Feb 29, 2024, dropping by -0.23 million shares to a total of 4.69 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 4.92 million shares. There was a decline of -4.9%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 6.42% of the overall stock float, the days-to-cover ratio (short ratio) fell to 5.1.
The most recent change occurred on April 17, 2023 when BofA Securities began covering the stock and recommended ‘”a Neutral”‘ rating along with a $50 price target.
