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Taking a Closer Look At Pebblebrook Hotel Trust (PEB) Following Its Recent Trade

Pebblebrook Hotel Trust’s recently made public that its Co-President,CFO,Treasurer,Sec Martz Raymond D unloaded Company’s shares for reported $0.18 million on Feb 26 ’24. In the deal valued at $15.72 per share,11,441 shares were sold. As a result of this transaction, Martz Raymond D now holds 253,385 shares worth roughly $3.68 million.

Then, Fisher Thomas Charles sold 11,441 shares, generating $178,697 in total proceeds. Upon selling the shares at $15.62, the Co-President, C Investmt Ofcr now owns 254,449 shares.

Before that, BORTZ JON E bought 16,000 shares. Pebblebrook Hotel Trust shares valued at $261,700 were divested by the Chairman and CEO at a price of $16.36 per share. As a result of the transaction, BORTZ JON E now holds 22,000 shares, worth roughly $0.32 million.

Compass Point downgraded its Pebblebrook Hotel Trust [PEB] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early January from “a Neutral” to “an Underperform”. Wedbush began covering PEB with “Neutral” recommendation on October 03, 2023. Wolfe Research started covering the stock on September 28, 2023. It rated PEB as “a Peer perform”.

Price Performance Review of PEB

On Tuesday, Pebblebrook Hotel Trust [NYSE:PEB] saw its stock fall -3.13% to $14.53. Over the last five days, the stock has lost -5.95%. Pebblebrook Hotel Trust shares have fallen nearly -9.07% since the year began. Nevertheless, the stocks have risen 2.11% over the past one year. While a 52-week high of $16.65 was reached on 02/21/24, a 52-week low of $11.39 was recorded on 04/18/24. SMA at 50 days reached $15.57, while 200 days put it at $14.54. A total of 1.66 million shares were traded, compared to the trading of 1.33 million shares in the previous session.

Levels Of Support And Resistance For PEB Stock

The 24-hour chart illustrates a support level at 14.39, which if violated will result in even more drops to 14.25. On the upside, there is a resistance level at 14.78. A further resistance level may holdings at 15.03. The Relative Strength Index (RSI) on the 14-day chart is 40.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.30%. Stochastics %K at 32.23% indicates the stock is a holding.

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