Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 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 $3.63 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 $0.32 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 drop of approximately -7.12%. Over the course of the year, Pebblebrook Hotel Trust shares have dropped approximately -10.26%. Shares of the company reached a 52-week high of $16.65 on 02/21/24 and a 52-week low of $14.30 on 04/17/24. A 50-day SMA is recorded $15.69, while a 200-day SMA reached $14.50. Nevertheless, trading volume fell to 1.19 million shares from 0.75 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 14.14, which, if violated, would cause prices to drop to 13.94. In the upper region, resistance lies at 14.70. The next price resistance is at 15.05. RSI (Relative Strength Index) is 33.68 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.61, which suggests the price will decrease in the coming days. Percent R is at 97.66%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
