Pebblebrook Hotel Trust’s recent filing unveils that its Chairman and CEO BORTZ JON E acquired Company’s shares for reported $0.22 million on Jun 11 ’24. In the deal valued at $13.60 per share,16,000 shares were bought. As a result of this transaction, BORTZ JON E now holds 1,253,284 shares worth roughly $17.41 million.
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Then, BORTZ JON E bought 29,000 shares, generating $393,820 in total proceeds. Upon buying the shares at $13.58, the Chairman and CEO now owns 1,237,284 shares.
Before that, BORTZ JON E bought 17,000 shares. Pebblebrook Hotel Trust shares valued at $232,390 were divested by the Chairman and CEO at a price of $13.67 per share. As a result of the transaction, BORTZ JON E now holds 1,208,284 shares, worth roughly $16.78 million.
Compass Point downgraded its Pebblebrook Hotel Trust [PEB] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early January from “a Neutral” to “an Underperform”. Wedbush began covering PEB with “Neutral” recommendation on October 03, 2023. Wolfe Research started covering the stock on September 28, 2023. It rated PEB as “a Peer perform”.
Price Performance Review of PEB
On Friday, Pebblebrook Hotel Trust [NYSE:PEB] saw its stock fall -1.70% to $13.89. Over the last five days, the stock has gained 0.36%. Pebblebrook Hotel Trust shares have fallen nearly -13.08% since the year began. Nevertheless, the stocks have risen 1.98% over the past one year. While a 52-week high of $16.65 was reached on 02/21/24, a 52-week low of $11.39 was recorded on 06/10/24. SMA at 50 days reached $14.64, while 200 days put it at $14.52. A total of 0.96 million shares were traded, compared to the trading of 1.2 million shares in the previous session.
Levels Of Support And Resistance For PEB Stock
The 24-hour chart illustrates a support level at 13.74, which if violated will result in even more drops to 13.59. On the upside, there is a resistance level at 14.06. A further resistance level may holdings at 14.23. The Relative Strength Index (RSI) on the 14-day chart is 43.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.67%. Stochastics %K at 48.12% indicates the stock is a holding.
