The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Wyndham Hotels & Resorts Inc shares valued at $13,765 were sold by Ballotti Geoffrey A on May 02 ’24. At $73.61 per share, Ballotti Geoffrey A sold 187 shares. The insider’s holdings dropped to 377,525 shares worth approximately $26.56 million following the completion of this transaction.
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Also, Ballotti Geoffrey A sold 196,279 shares, netting a total of over 14,398,340 in proceeds. Following the sale of shares at $73.36 each, the insider now holds 377,712 shares.
Before that, Rossi Nicola had sold 3,200 shares from its account. In a trade valued at $252,800, the Chief Accounting Officer traded Wyndham Hotels & Resorts Inc shares for $79.00 each. Upon closing the transaction, the insider’s holdings decreased to 3,200 shares, worth approximately $0.8 million.
As published in their initiating research note from HSBC Securities on October 23, 2023, Wyndham Hotels & Resorts Inc [WH] has been a Buy and the price target has been revised to $87. Analysts at Deutsche Bank started covering the stock with ‘”a Buy”‘ outlook in a report released in early April. As of December 15, 2022, Barclays has increased its “an Equal weight” rating to a “an Overweight” for WH. Earlier on December 05, 2022, Morgan Stanley initiated its rating. Their recommendation was “an Overweight” for WH stock.
Analyzing WH Stock Performance
During the last five days, there has been a surge of approximately 0.57%. Over the course of the year, Wyndham Hotels & Resorts Inc shares have dropped approximately -12.51%. Shares of the company reached a 52-week high of $81.51 on 01/12/24 and a 52-week low of $69.05 on 04/19/24. A 50-day SMA is recorded $73.49, while a 200-day SMA reached $75.50. Nevertheless, trading volume fell to 0.8 million shares from 0.73 million shares the previous day.
Support And Resistance Levels for Wyndham Hotels & Resorts Inc (WH)
According to the 24-hour chart, there is a support level at 69.69, which, if violated, would cause prices to drop to 69.04. In the upper region, resistance lies at 71.21. The next price resistance is at 72.07. RSI (Relative Strength Index) is 40.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.18, which suggests the price will decrease in the coming days. Percent R is at 89.27%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
