Hilton Grand Vacations Inc’s recent filing unveils that its insider Brizi Jorge Pablo unloaded Company’s shares for reported $1.32 million on Mar 28 ’24. In the deal valued at $47.00 per share,28,000 shares were sold. As a result of this transaction, Brizi Jorge Pablo now holds 51,855 shares worth roughly $2.38 million.
Then, Corbin Charles R. Jr. sold 23,000 shares, generating $1,046,270 in total proceeds. Upon selling the shares at $45.49, the insider now owns 140,618 shares.
Before that, Wang Mark D sold 46,388 shares. Hilton Grand Vacations Inc shares valued at $2,114,975 were divested by the insider at a price of $45.59 per share. As a result of the transaction, Wang Mark D now holds 729,907 shares, worth roughly $33.55 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 Monday, Hilton Grand Vacations Inc [NYSE:HGV] saw its stock jump 1.68% to $45.97. Over the last five days, the stock has lost -1.67%. Hilton Grand Vacations Inc shares have risen nearly 14.41% since the year began. Nevertheless, the stocks have risen 5.73% 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 $44.83, while 200 days put it at $41.98. A total of 0.51 million shares were traded, compared to the trading of 59008.0 shares in the previous session.
Levels Of Support And Resistance For HGV Stock
The 24-hour chart illustrates a support level at 45.50, which if violated will result in even more drops to 45.03. On the upside, there is a resistance level at 46.34. A further resistance level may holdings at 46.72. The Relative Strength Index (RSI) on the 14-day chart is 52.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.97%. Stochastics %K at 34.81% 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 Mar 15, 2024, growing by 0.64 million shares to a total of 4.98 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 4.34 million shares. There was a rise of 12.85%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 6.82% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.54.
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.
