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Potential Price Increase for Hilton Worldwide Holdings Inc (HLT) After Recent Insider Activity

In a filing, Hilton Worldwide Holdings Inc revealed its Director Healey Melanie acquired Company’s shares for reported $0.4 million on May 28 ’24. In the deal valued at $199.65 per share,2,000 shares were bought. As a result of this transaction, Healey Melanie now holds 14,938 shares worth roughly $3.22 million.

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Then, NASSETTA CHRISTOPHER J sold 22,095 shares, generating $4,260,653 in total proceeds. Upon selling the shares at $192.83, the insider now owns 2,567,871 shares.

Before that, NASSETTA CHRISTOPHER J sold 21,489 shares. Hilton Worldwide Holdings Inc shares valued at $4,205,070 were divested by the insider at a price of $195.68 per share. As a result of the transaction, NASSETTA CHRISTOPHER J now holds 2,536,478 shares, worth roughly $546.86 million.

Susquehanna initiated its Hilton Worldwide Holdings Inc [HLT] rating to a Neutral in a research note published on June 21, 2024; the price target was $215. A number of analysts have revised their coverage, including Mizuho’s analysts, who began to cover the stock in late March with a ‘”a Buy”‘ rating. Evercore ISI also remained covering HLT and has decreased its forecast on February 05, 2024 with a “an In-line” recommendation from previously “an Outperform” rating.

Price Performance Review of HLT

On Tuesday, Hilton Worldwide Holdings Inc [NYSE:HLT] saw its stock jump 0.64% to $215.60. Over the last five days, the stock has gained 0.24%. Hilton Worldwide Holdings Inc shares have risen nearly 18.40% since the year began. Nevertheless, the stocks have risen 48.13% over the past one year. While a 52-week high of $218.82 was reached on 07/01/24, a 52-week low of $142.50 was recorded on 01/05/24. SMA at 50 days reached $205.32, while 200 days put it at $186.51. A total of 1.0 million shares were traded, compared to the trading of 1.57 million shares in the previous session.

Levels Of Support And Resistance For HLT Stock

The 24-hour chart illustrates a support level at 213.89, which if violated will result in even more drops to 212.19. On the upside, there is a resistance level at 216.63. A further resistance level may holdings at 217.66. The Relative Strength Index (RSI) on the 14-day chart is 59.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.35, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 27.60%. Stochastics%K at 80.69% indicates the stock is a selling.

The most recent change occurred on October 23, 2023 when HSBC Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $191 price target.

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