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The Potential Rise in the Price of Wyndham Hotels & Resorts Inc (WH) following insiders activity

Wyndham Hotels & Resorts Inc’s filing revealed that its Chief Commercial Officer Strickland Scott R. unloaded Company’s shares for reported $0.28 million on May 30 ’24. In the deal valued at $67.81 per share,4,076 shares were sold. As a result of this transaction, Strickland Scott R. now holds 28,912 shares worth roughly $2.09 million.

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Then, ALLEN MICHELE sold 1,274 shares, generating $86,390 in total proceeds. Upon selling the shares at $67.81, the CFO & Head of Strategy now owns 25,056 shares.

Before that, Strickland Scott R. sold 4,040 shares. Wyndham Hotels & Resorts Inc shares valued at $280,618 were divested by the Chief Commercial Officer at a price of $69.46 per share. As a result of the transaction, Strickland Scott R. now holds 28,722 shares, worth roughly $2.08 million.

HSBC Securities initiated its Wyndham Hotels & Resorts Inc [WH] rating to a Buy in a research note published on October 23, 2023; the price target was $87. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in early April with a ‘”a Buy”‘ rating. Barclays also remained covering WH and has increased its forecast on December 15, 2022 with a “an Overweight” recommendation from previously “an Equal weight” rating. Morgan Stanley started covering the stock on December 05, 2022. It rated WH as “an Overweight”.

Price Performance Review of WH

On Friday, Wyndham Hotels & Resorts Inc [NYSE:WH] saw its stock fall -0.86% to $72.25. Over the last five days, the stock has gained 1.56%. Wyndham Hotels & Resorts Inc shares have fallen nearly -10.15% since the year began. Nevertheless, the stocks have risen 3.01% over the past one year. While a 52-week high of $81.73 was reached on 01/12/24, a 52-week low of $65.54 was recorded on 05/29/24. SMA at 50 days reached $71.65, while 200 days put it at $75.14. A total of 1.02 million shares were traded, compared to the trading of 1.01 million shares in the previous session.

Levels Of Support And Resistance For WH Stock

The 24-hour chart illustrates a support level at 71.49, which if violated will result in even more drops to 70.73. On the upside, there is a resistance level at 72.87. A further resistance level may holdings at 73.48. The Relative Strength Index (RSI) on the 14-day chart is 54.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.01, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 25.53%. Stochastics %K at 80.98% indicates the stock is a selling.

The most recent change occurred on November 30, 2022 when Redburn began covering the stock and recommended ‘”a Neutral”‘ rating .

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