Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Host Hotels & Resorts Inc shares valued at $591,959 were sold by RISOLEO JAMES F on Mar 21 ’24. At $21.04 per share, RISOLEO JAMES F sold 28,136 shares. The insider’s holdings dropped to 2,225,577 shares worth approximately $45.29 million following the completion of this transaction.
Also, RISOLEO JAMES F sold 150,000 shares, netting a total of over 3,116,535 in proceeds. Following the sale of shares at $20.78 each, the insider now holds 2,225,577 shares.
Before that, OTTINGER JOSEPH had sold 7,461 shares from its account. In a trade valued at $154,890, the SVP & Corp. Controller traded Host Hotels & Resorts Inc shares for $20.76 each. Upon closing the transaction, the insider’s holdings decreased to 7,461 shares, worth approximately $0.58 million.
As published in a research note from BofA Securities on January 08, 2024, Host Hotels & Resorts Inc [HST] has been rated up from an Underperform to a Buy. Analysts at JP Morgan upgraded the stock from ‘”an Underweight”‘ to ‘”a Neutral”‘ outlook in a report released in mid December. As of October 23, 2023, HSBC Securities has initiated its “Buy” rating for HST. Earlier on October 03, 2023, Wedbush initiated its rating. Their recommendation was “an Outperform” for HST stock.
Analyzing HST Stock Performance
During the last five days, there has been a surge of approximately 1.34%. Over the course of the year, Host Hotels & Resorts Inc shares have jumped approximately 4.52%. Shares of the company reached a 52-week high of $21.31 on 03/05/24 and a 52-week low of $18.88 on 02/13/24. A 50-day SMA is recorded $20.29, while a 200-day SMA reached $18.03. Nevertheless, trading volume fell to 4.13 million shares from 4.26 million shares the previous day.
Support And Resistance Levels for Host Hotels & Resorts Inc (HST)
According to the 24-hour chart, there is a support level at 20.08, which, if violated, would cause prices to drop to 19.81. In the upper region, resistance lies at 20.55. The next price resistance is at 20.75. RSI (Relative Strength Index) is 48.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.05, which suggests the price will decrease in the coming days. Percent R is at 72.73%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Host Hotels & Resorts Inc subject to short interest?
Stocks of Host Hotels & Resorts Inc saw a sharp rise in short interest on Mar 28, 2024 jumping by 8.72 million shares to 45.81 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 37.09 million shares. A jump of 19.04% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 8.04 of the overall float, the days-to-cover ratio (short ratio) jumped to 8.04.
