Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Hilton Grand Vacations Inc shares valued at $355,355 were sold by Hernandez Carlos on May 14 ’24. At $42.85 per share, Hernandez Carlos sold 8,293 shares. The insider’s holdings dropped to 8,012 shares worth approximately $0.33 million following the completion of this transaction.
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Also, Johnson David William sold 23,000 shares, netting a total of over 970,420 in proceeds. Following the sale of shares at $42.19 each, the insider now holds 52,355 shares.
Before that, Brizi Jorge Pablo had sold 28,000 shares from its account. In a trade valued at $1,315,915, the insider traded Hilton Grand Vacations Inc shares for $47.00 each. Upon closing the transaction, the insider’s holdings decreased to 28,000 shares, worth approximately $2.16 million.
As published in their initiating research note from JP Morgan on April 15, 2024, Hilton Grand Vacations Inc [HGV] has been an Overweight and the price target has been revised to $59. Analysts at Mizuho started covering the stock with ‘”a Buy”‘ outlook in a report released in late March. As of February 13, 2024, JMP Securities has initiated its “Mkt outperform” rating for HGV. Earlier on January 02, 2024, Jefferies upgraded its rating. Their new recommendation was “a Buy” for HGV stock which previously was a “a Hold”.
Analyzing HGV Stock Performance
During the last five days, there has been a drop of approximately -3.39%. Over the course of the year, Hilton Grand Vacations Inc shares have jumped approximately 3.63%. Shares of the company reached a 52-week high of $49.02 on 02/28/24 and a 52-week low of $39.60 on 01/16/24. A 50-day SMA is recorded $44.25, while a 200-day SMA reached $41.57. Nevertheless, trading volume fell to 0.67 million shares from 0.68 million shares the previous day.
Support And Resistance Levels for Hilton Grand Vacations Inc (HGV)
According to the 24-hour chart, there is a support level at 41.36, which, if violated, would cause prices to drop to 41.08. In the upper region, resistance lies at 42.16. The next price resistance is at 42.68. RSI (Relative Strength Index) is 39.60 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.67, which suggests the price will decrease in the coming days. Percent R is at 79.06%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
