Following these proceedings, Robert W. Baird upgraded its Sunstone Hotel Investors Inc [SHO] rating to an Outperform from a a Neutral in a research note published on May 28, 2024; the price target was increased to $12 from $11. A number of analysts have revised their coverage, including Compass Point’s analysts, who increased its forecast for the stock in early May from “a Sell” to “a Neutral”. JP Morgan also remained covering SHO and has increased its forecast on December 14, 2023 with a “Neutral” recommendation from previously “an Underweight” rating. Wells Fargo revised its rating on December 08, 2023. It rated SHO as “an Underweight” which previously was an “an Equal weight”.
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Price Performance Review of SHO
On Friday, Sunstone Hotel Investors Inc [NYSE:SHO] saw its stock jump 1.38% to $10.28. Over the last five days, the stock has lost -0.19%. Sunstone Hotel Investors Inc shares have fallen nearly -4.19% since the year began. Nevertheless, the stocks have risen 4.72% over the past one year. While a 52-week high of $11.59 was reached on 03/06/24, a 52-week low of $8.56 was recorded on 05/02/24. SMA at 50 days reached $10.52, while 200 days put it at $10.18. A total of 1.69 million shares were traded, compared to the trading of 0.79 million shares in the previous session.
Levels Of Support And Resistance For SHO Stock
The 24-hour chart illustrates a support level at 10.16, which if violated will result in even more drops to 10.04. On the upside, there is a resistance level at 10.36. A further resistance level may holdings at 10.43. The Relative Strength Index (RSI) on the 14-day chart is 46.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.02%. Stochastics %K at 25.68% indicates the stock is a holding.
The most recent change occurred on September 28, 2023 when Wolfe Research began covering the stock and recommended ‘”a Peer perform”‘ rating .
