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Recent Insider Activity Could Benefit United Parks & Resorts Inc. (PRKS)

United Parks & Resorts Inc.’s filing revealed that its Chief Zoological Officer Dold Christopher unloaded Company’s shares for reported $1.68 million on Jun 06 ’24. In the deal valued at $51.54 per share,32,518 shares were sold. As a result of this transaction, Dold Christopher now holds 33,242 shares worth roughly $1.68 million.

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Then, Miller Kyle Robert sold 1,000 shares, generating $54,440 in total proceeds. Upon selling the shares at $54.44, the insider now owns 35,735 shares.

Before that, Surrett Byron sold 1,424 shares. United Parks & Resorts Inc. shares valued at $77,665 were divested by the insider at a price of $54.54 per share. As a result of the transaction, Surrett Byron now holds 13,656 shares, worth roughly $0.69 million.

Guggenheim initiated its United Parks & Resorts Inc. [PRKS] rating to a Buy in a research note published on April 04, 2024; the price target was $73. A number of analysts have revised their coverage, including Mizuho’s analysts, who began to cover the stock in late March with a ‘”an Underperform”‘ rating. Morgan Stanley also remained covering PRKS and has decreased its forecast on December 14, 2023 with a “an Equal-weight” recommendation from previously “an Overweight” rating.

Price Performance Review of PRKS

On Friday, United Parks & Resorts Inc. [NYSE:PRKS] saw its stock fall -2.58% to $50.57. Over the last five days, the stock has lost -3.29%. United Parks & Resorts Inc. shares have fallen nearly -4.28% since the year began. Nevertheless, the stocks have fallen -13.98% over the past one year. While a 52-week high of $61.30 was reached on 04/09/24, a 52-week low of $40.87 was recorded on 02/21/24. SMA at 50 days reached $52.63, while 200 days put it at $49.82.

Levels Of Support And Resistance For PRKS Stock

The 24-hour chart illustrates a support level at 49.74, which if violated will result in even more drops to 48.91. On the upside, there is a resistance level at 51.29. A further resistance level may holdings at 52.01. The Relative Strength Index (RSI) on the 14-day chart is 44.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.25%. Stochastics %K at 53.88% indicates the stock is a holding.

The most recent change occurred on July 24, 2023 when Goldman resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $66.

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