Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Hilton Worldwide Holdings Inc shares valued at $4,260,653 were sold by NASSETTA CHRISTOPHER J on Feb 09 ’24. At $192.83 per share, NASSETTA CHRISTOPHER J sold 22,095 shares. The insider’s holdings dropped to 2,567,871 shares worth approximately $541.2 million following the completion of this transaction.
Also, NASSETTA CHRISTOPHER J sold 21,489 shares, netting a total of over 4,205,070 in proceeds. Following the sale of shares at $195.68 each, the insider now holds 2,536,478 shares.
Before that, Silcock Christopher W had sold 10,863 shares from its account. In a trade valued at $1,809,892, the insider traded Hilton Worldwide Holdings Inc shares for $166.61 each. Upon closing the transaction, the insider’s holdings decreased to 10,863 shares, worth approximately $12.28 million.
As published in their initiating research note from Mizuho on March 26, 2024, Hilton Worldwide Holdings Inc [HLT] has been a Buy and the price target has been revised to $245. Analysts at Evercore ISI downgraded the stock from ‘”an Outperform”‘ to ‘”an In-line”‘ outlook in a report released in early February. Earlier on October 23, 2023, HSBC Securities initiated its rating. Their recommendation was “a Buy” for HLT stock.
Analyzing HLT Stock Performance
During the last five days, there has been a surge of approximately 0.94%. Over the course of the year, Hilton Worldwide Holdings Inc shares have jumped approximately 15.74%. Shares of the company reached a 52-week high of $215.79 on 03/28/24 and a 52-week low of $178.23 on 01/05/24. A 50-day SMA is recorded $203.82, while a 200-day SMA reached $171.32. Nevertheless, trading volume fell to 1.29 million shares from 0.94 million shares the previous day.
Support And Resistance Levels for Hilton Worldwide Holdings Inc (HLT)
According to the 24-hour chart, there is a support level at 208.32, which, if violated, would cause prices to drop to 205.87. In the upper region, resistance lies at 212.68. The next price resistance is at 214.59. RSI (Relative Strength Index) is 56.13 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.32, which suggests the price will decrease in the coming days. Percent R is at 62.10%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Hilton Worldwide Holdings Inc subject to short interest?
Stocks of Hilton Worldwide Holdings Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.48 million shares to 3.3 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 2.82 million shares. A jump of 14.55% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.23 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.23.
