Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Playa Hotels & Resorts N.V. shares valued at $47,900 were sold by Peterson Karl Mr. on Apr 09 ’24. At $9.58 per share, Peterson Karl Mr. sold 5,000 shares. The insider’s holdings dropped to 2,529,033 shares worth approximately $24.0 million following the completion of this transaction.
Also, Peterson Karl Mr. sold 5,000 shares, netting a total of over 47,250 in proceeds. Following the sale of shares at $9.45 each, the insider now holds 2,534,033 shares.
Before that, Buhler Brandon B had sold 35,915 shares from its account. In a trade valued at $324,672, the Chief Accounting Officer traded Playa Hotels & Resorts N.V. shares for $9.04 each. Upon closing the transaction, the insider’s holdings decreased to 35,915 shares, worth approximately $0.97 million.
As published in a research note from BofA Securities on June 26, 2023, Playa Hotels & Resorts N.V. [PLYA] has been rated down from a Buy to an Underperform and the price target has been revised to $8 from $10. Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid December. As of May 09, 2022, Truist has increased its “Hold” rating to a “Buy” for PLYA. Earlier on April 22, 2022, Oppenheimer initiated its rating. Their recommendation was “an Outperform” for PLYA stock.
Analyzing PLYA Stock Performance
During the last five days, there has been a surge of approximately 0.53%. Over the course of the year, Playa Hotels & Resorts N.V. shares have jumped approximately 9.71%. Shares of the company reached a 52-week high of $9.84 on 03/28/24 and a 52-week low of $7.95 on 01/22/24. A 50-day SMA is recorded $9.19, while a 200-day SMA reached $8.06. Nevertheless, trading volume fell to 0.65 million shares from 1.11 million shares the previous day.
Support And Resistance Levels for Playa Hotels & Resorts N.V. (PLYA)
According to the 24-hour chart, there is a support level at 9.39, which, if violated, would cause prices to drop to 9.29. In the upper region, resistance lies at 9.56. The next price resistance is at 9.62. RSI (Relative Strength Index) is 52.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.08, which suggests the price will decrease in the coming days. Percent R is at 72.92%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Playa Hotels & Resorts N.V. subject to short interest?
Stocks of Playa Hotels & Resorts N.V. saw a sharp rise in short interest on Mar 15, 2024 jumping by 80000.0 shares to 3.08 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 3.0 million shares. A jump of 2.6% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.7 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.7.
