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Taking a look at what insiders are doing to gauge the United Parks & Resorts Inc. (PRKS)’s direction

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. United Parks & Resorts Inc. shares valued at $1,675,978 were sold by Dold Christopher on Jun 06 ’24. At $51.54 per share, Dold Christopher sold 32,518 shares. The insider’s holdings dropped to 33,242 shares worth approximately $1.69 million following the completion of this transaction.

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Also, Miller Kyle Robert sold 1,000 shares, netting a total of over 54,440 in proceeds. Following the sale of shares at $54.44 each, the insider now holds 35,735 shares.

Before that, Surrett Byron had sold 1,424 shares from its account. In a trade valued at $77,665, the insider traded United Parks & Resorts Inc. shares for $54.54 each. Upon closing the transaction, the insider’s holdings decreased to 1,424 shares, worth approximately $0.69 million.

As published in their initiating research note from Guggenheim on April 04, 2024, United Parks & Resorts Inc. [PRKS] has been a Buy and the price target has been revised to $73. Analysts at Mizuho started covering the stock with ‘”an Underperform”‘ outlook in a report released in late March. As of December 14, 2023, Morgan Stanley has decreased its “an Overweight” rating to a “an Equal-weight” for PRKS.

Analyzing PRKS Stock Performance

During the last five days, there has been a drop of approximately -2.85%. Over the course of the year, United Parks & Resorts Inc. shares have dropped approximately -4.01%. Shares of the company reached a 52-week high of $58.44 on 04/09/24 and a 52-week low of $45.60 on 02/21/24. A 50-day SMA is recorded $51.70, while a 200-day SMA reached $49.88.

Support And Resistance Levels for United Parks & Resorts Inc. (PRKS)

According to the 24-hour chart, there is a support level at 50.17, which, if violated, would cause prices to drop to 49.62. In the upper region, resistance lies at 51.05. The next price resistance is at 51.38. RSI (Relative Strength Index) is 47.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.53, which suggests the price will decrease in the coming days. Percent R is at 62.83%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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