Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Pebblebrook Hotel Trust shares valued at $179,807 were sold by Martz Raymond D on Feb 26 ’24. At $15.72 per share, Martz Raymond D sold 11,441 shares. The insider’s holdings dropped to 253,385 shares worth approximately $3.91 million following the completion of this transaction.
Also, Fisher Thomas Charles sold 11,441 shares, netting a total of over 178,697 in proceeds. Following the sale of shares at $15.62 each, the insider now holds 254,449 shares.
Before that, BORTZ JON E had added 16,000 shares to its account. In a trade valued at $261,700, the Chairman and CEO bought Pebblebrook Hotel Trust shares for $16.36 each. Upon closing the transaction, the insider’s holdings increased to 16,000 shares, worth approximately $0.34 million.
As published in a research note from Compass Point on March 28, 2024, Pebblebrook Hotel Trust [PEB] has been rated down from a Buy to a Neutral and the price target has been revised to $17. Analysts at BofA Securities downgraded the stock from ‘”a Neutral”‘ to ‘”an Underperform”‘ outlook in a report released in early January. As of October 03, 2023, Wedbush has initiated its “Neutral” rating for PEB. Earlier on September 28, 2023, Wolfe Research initiated its rating. Their recommendation was “a Peer perform” for PEB stock.
Analyzing PEB Stock Performance
During the last five days, there has been a surge of approximately 0.92%. Over the course of the year, Pebblebrook Hotel Trust shares have dropped approximately -3.38%. Shares of the company reached a 52-week high of $16.65 on 02/21/24 and a 52-week low of $14.87 on 02/07/24. A 50-day SMA is recorded $15.73, while a 200-day SMA reached $14.47. Nevertheless, trading volume fell to 1.15 million shares from 1.63 million shares the previous day.
Support And Resistance Levels for Pebblebrook Hotel Trust (PEB)
According to the 24-hour chart, there is a support level at 15.25, which, if violated, would cause prices to drop to 15.07. In the upper region, resistance lies at 15.75. The next price resistance is at 16.07. RSI (Relative Strength Index) is 46.77 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.21, which suggests the price will decrease in the coming days. Percent R is at 61.98%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Pebblebrook Hotel Trust subject to short interest?
Stocks of Pebblebrook Hotel Trust saw a sharp rise in short interest on Mar 15, 2024 jumping by 1.67 million shares to 18.86 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 17.19 million shares. A jump of 8.85% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 11.15 of the overall float, the days-to-cover ratio (short ratio) jumped to 11.15.
