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Chatham Lodging Trust (CLDT) Becoming More Attractive for Investors

In a filing, Chatham Lodging Trust revealed its EVP & Chief Operating Officer CRAVEN DENNIS M acquired Company’s shares for reported $94560.0 on Jun 10 ’24. In the deal valued at $7.88 per share,12,000 shares were bought. As a result of this transaction, CRAVEN DENNIS M now holds 110,943 shares worth roughly $0.92 million.

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Oppenheimer downgraded its Chatham Lodging Trust [CLDT] rating to a Perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in late April with a ‘”an Outperform”‘ rating. Barclays also remained covering CLDT and has increased its forecast on September 01, 2021 with a “an Overweight” recommendation from previously “an Equal weight” rating. B. Riley Securities revised its rating on August 04, 2021. It rated CLDT as “a Buy” which previously was an “a Neutral”.

Price Performance Review of CLDT

On Friday, Chatham Lodging Trust [NYSE:CLDT] saw its stock fall -1.90% to $8.28. Over the last five days, the stock has lost -3.38%. Chatham Lodging Trust shares have fallen nearly -22.76% since the year began. Nevertheless, the stocks have fallen -11.91% over the past one year. While a 52-week high of $11.32 was reached on 01/23/24, a 52-week low of $7.60 was recorded on 06/10/24. SMA at 50 days reached $9.03, while 200 days put it at $9.85. A total of 0.59 million shares were traded, compared to the trading of 0.7 million shares in the previous session.

Levels Of Support And Resistance For CLDT Stock

The 24-hour chart illustrates a support level at 8.17, which if violated will result in even more drops to 8.05. On the upside, there is a resistance level at 8.38. A further resistance level may holdings at 8.47. The Relative Strength Index (RSI) on the 14-day chart is 35.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.16%. Stochastics %K at 63.71% indicates the stock is a holding.

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