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Mizuho analysts initates a Buy rating for Hilton Worldwide Holdings Inc (HLT)

Hilton Worldwide Holdings Inc’s recent filing unveils that its insider NASSETTA CHRISTOPHER J unloaded Company’s shares for reported $4.26 million on Feb 09 ’24. In the deal valued at $192.83 per share,22,095 shares were sold. As a result of this transaction, NASSETTA CHRISTOPHER J now holds 2,567,871 shares worth roughly $513.83 million.

Then, NASSETTA CHRISTOPHER J sold 21,489 shares, generating $4,205,070 in total proceeds. Upon selling the shares at $195.68, the insider now owns 2,536,478 shares.

Before that, Silcock Christopher W sold 10,863 shares. Hilton Worldwide Holdings Inc shares valued at $1,809,892 were divested by the insider at a price of $166.61 per share. As a result of the transaction, Silcock Christopher W now holds 58,256 shares, worth roughly $11.66 million.

Mizuho initiated its Hilton Worldwide Holdings Inc [HLT] rating to a Buy in a research note published on March 26, 2024; the price target was $245. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who decreased its forecast for the stock in early February from “an Outperform” to “an In-line”. HSBC Securities started covering the stock on October 23, 2023. It rated HLT as “a Buy”.

Price Performance Review of HLT

On Monday, Hilton Worldwide Holdings Inc [NYSE:HLT] saw its stock jump 1.30% to $200.10. Over the last five days, the stock has lost -1.02%. Hilton Worldwide Holdings Inc shares have risen nearly 9.89% since the year began. Nevertheless, the stocks have risen 40.30% over the past one year. While a 52-week high of $215.79 was reached on 03/28/24, a 52-week low of $134.43 was recorded on 01/05/24. SMA at 50 days reached $205.36, while 200 days put it at $175.77. A total of 0.9 million shares were traded, compared to the trading of 1.47 million shares in the previous session.

Levels Of Support And Resistance For HLT Stock

The 24-hour chart illustrates a support level at 198.82, which if violated will result in even more drops to 197.53. On the upside, there is a resistance level at 200.83. A further resistance level may holdings at 201.56. The Relative Strength Index (RSI) on the 14-day chart is 45.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.83, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.14%. Stochastics %K at 27.49% indicates the stock is a holding.

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