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The Potential Rise in the Price of Wyndham Hotels & Resorts Inc (WH) following insiders activity

Wyndham Hotels & Resorts Inc’s recently made public that its President and CEO Ballotti Geoffrey A unloaded Company’s shares for reported $13765.0 on May 02 ’24. In the deal valued at $73.61 per share,187 shares were sold. As a result of this transaction, Ballotti Geoffrey A now holds 377,525 shares worth roughly $27.32 million.

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Then, Ballotti Geoffrey A sold 196,279 shares, generating $14,398,340 in total proceeds. Upon selling the shares at $73.36, the President and CEO now owns 377,712 shares.

Before that, Rossi Nicola sold 3,200 shares. Wyndham Hotels & Resorts Inc shares valued at $252,800 were divested by the Chief Accounting Officer at a price of $79.00 per share. As a result of the transaction, Rossi Nicola now holds 11,404 shares, worth roughly $0.83 million.

HSBC Securities initiated its Wyndham Hotels & Resorts Inc [WH] rating to a Buy in a research note published on October 23, 2023; the price target was $87. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in early April with a ‘”a Buy”‘ rating. Barclays also remained covering WH and has increased its forecast on December 15, 2022 with a “an Overweight” recommendation from previously “an Equal weight” rating. Morgan Stanley started covering the stock on December 05, 2022. It rated WH as “an Overweight”.

Price Performance Review of WH

On Friday, Wyndham Hotels & Resorts Inc [NYSE:WH] saw its stock fall -0.70% to $72.37. Over the last five days, the stock has lost -1.20%. Wyndham Hotels & Resorts Inc shares have fallen nearly -10.00% since the year began. Nevertheless, the stocks have risen 9.35% over the past one year. While a 52-week high of $81.73 was reached on 01/12/24, a 52-week low of $63.69 was recorded on 04/19/24. SMA at 50 days reached $74.40, while 200 days put it at $75.73. A total of 0.64 million shares were traded, compared to the trading of 0.44 million shares in the previous session.

Levels Of Support And Resistance For WH Stock

The 24-hour chart illustrates a support level at 71.92, which if violated will result in even more drops to 71.47. On the upside, there is a resistance level at 73.14. A further resistance level may holdings at 73.90. The Relative Strength Index (RSI) on the 14-day chart is 45.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.06%. Stochastics %K at 45.09% indicates the stock is a holding.

The most recent change occurred on November 30, 2022 when Redburn began covering the stock and recommended ‘”a Neutral”‘ rating.

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