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Potential Price Increase for Hyatt Hotels Corporation (H) After Recent Insider Activity

Hyatt Hotels Corporation’s recent filing unveils that its insider VONDRASEK MARK R unloaded Company’s shares for reported $2.28 million on May 17 ’24. In the deal valued at $149.19 per share,15,312 shares were sold. As a result of this transaction, VONDRASEK MARK R now holds 7,298 shares worth roughly $1.1 million.

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Then, KRONICK SUSAN D sold 1,189 shares, generating $177,363 in total proceeds. Upon selling the shares at $149.17, the Director now owns 39,527 shares.

Before that, Bottarini Joan sold 10,695 shares. Hyatt Hotels Corporation shares valued at $1,592,698 were divested by the insider at a price of $148.92 per share. As a result of the transaction, Bottarini Joan now holds 16,104 shares, worth roughly $2.42 million.

Mizuho initiated its Hyatt Hotels Corporation [H] rating to a Buy in a research note published on March 26, 2024; the price target was $197. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in mid March from “an Overweight” to “an Equal-weight”. Evercore ISI also remained covering H and has decreased its forecast on February 05, 2024 with a “an In-line” recommendation from previously “an Outperform” rating. Redburn Atlantic revised its rating on January 16, 2024. It rated H as “a Neutral” which previously was an “a Buy”.

Price Performance Review of H

On Tuesday, Hyatt Hotels Corporation [NYSE:H] saw its stock fall -0.25% to $150.30. Over the last five days, the stock has lost -0.11%. Hyatt Hotels Corporation shares have risen nearly 15.25% since the year began. Nevertheless, the stocks have risen 32.33% over the past one year. While a 52-week high of $161.50 was reached on 03/28/24, a 52-week low of $96.77 was recorded on 01/16/24. SMA at 50 days reached $153.30, while 200 days put it at $128.32. A total of 0.28 million shares were traded, compared to the trading of 0.41 million shares in the previous session.

Levels Of Support And Resistance For H Stock

The 24-hour chart illustrates a support level at 149.07, which if violated will result in even more drops to 147.85. On the upside, there is a resistance level at 150.99. A further resistance level may holdings at 151.68. The Relative Strength Index (RSI) on the 14-day chart is 48.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.79%. Stochastics %K at 72.16% indicates the stock is a holding.

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