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Park Hotels & Resorts Inc [PK] Investment Guide: What You Need to Know


In a filing, Park Hotels & Resorts Inc revealed its Director ECKERT THOMAS D acquired Company’s shares for reported $0.47 million on May 09 ’24. In the deal valued at $15.79 per share,30,000 shares were bought. As a result of this transaction, ECKERT THOMAS D now holds 137,478 shares worth roughly $2.17 million.

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Then, Garrett Geoffrey sold 1,255 shares, generating $19,906 in total proceeds. Upon selling the shares at $15.86, the Director now owns 39,190 shares.

Before that, Garrett Geoffrey sold 14,000 shares. Park Hotels & Resorts Inc shares valued at $179,656 were divested by the Director at a price of $12.83 per share. As a result of the transaction, Garrett Geoffrey now holds 31,777 shares, worth roughly $0.5 million.

Citigroup upgraded its Park Hotels & Resorts Inc [PK] rating to a Buy from a a Neutral in a research note published on March 22, 2024; the price target was increased to $20 from $14. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in early January from “a Hold” to “a Buy”. JP Morgan also remained covering PK and has increased its forecast on December 14, 2023 with a “Neutral” recommendation from previously “an Underweight” rating. Barclays revised its rating on November 06, 2023. It rated PK as “an Overweight” which previously was an “an Equal weight”.

Price Performance Review of PK

On Friday, Park Hotels & Resorts Inc [NYSE:PK] saw its stock fall -1.25% to $15.75. Over the last five days, the stock has lost -2.11%. Park Hotels & Resorts Inc shares have risen nearly 2.94% since the year began. Nevertheless, the stocks have risen 29.71% over the past one year. While a 52-week high of $18.05 was reached on 03/22/24, a 52-week low of $10.06 was recorded on 02/13/24. SMA at 50 days reached $16.92, while 200 days put it at $14.73. A total of 3.17 million shares were traded, compared to the trading of 1.81 million shares in the previous session.

Levels Of Support And Resistance For PK Stock

The 24-hour chart illustrates a support level at 15.61, which if violated will result in even more drops to 15.48. On the upside, there is a resistance level at 15.96. A further resistance level may holdings at 16.18. The Relative Strength Index (RSI) on the 14-day chart is 38.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.63%. Stochastics %K at 24.04% indicates the stock is a holding.

The most recent change occurred on October 23, 2023 when HSBC Securities began covering the stock and recommended ‘”a Hold”‘ rating along with a $13 price target.

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