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PK Stock Sees Decline of Approximately -0.14% in Last Five Days

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Park Hotels & Resorts Inc shares valued at $473,598 were purchased by ECKERT THOMAS D on May 09 ’24. At $15.79 per share, ECKERT THOMAS D acquired 30,000 shares. The insider’s holdings grew to 137,478 shares worth approximately $2.02 million following the completion of this transaction.

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Also, Garrett Geoffrey sold 1,255 shares, netting a total of over 19,906 in proceeds. Following the sale of shares at $15.86 each, the insider now holds 39,190 shares.

Before that, Garrett Geoffrey had sold 14,000 shares from its account. In a trade valued at $179,656, the Director traded Park Hotels & Resorts Inc shares for $12.83 each. Upon closing the transaction, the insider’s holdings decreased to 14,000 shares, worth approximately $0.47 million.

As published in a research note from Evercore ISI on May 15, 2024, Park Hotels & Resorts Inc [PK] has been rated up from an In-line to an Outperform and the price target has been revised to $20. Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late March. As of January 02, 2024, Jefferies has increased its “Hold” rating to a “Buy” for PK. Earlier on December 14, 2023, JP Morgan upgraded its rating. Their new recommendation was “a Neutral” for PK stock which previously was a “an Underweight”.

Analyzing PK Stock Performance

During the last five days, there has been a drop of approximately -0.14%. Over the course of the year, Park Hotels & Resorts Inc shares have dropped approximately -3.99%. Shares of the company reached a 52-week high of $18.05 on 03/22/24 and a 52-week low of $14.42 on 02/13/24. A 50-day SMA is recorded $15.61, while a 200-day SMA reached $15.16. Nevertheless, trading volume fell to 0.91 million shares from 1.2 million shares the previous day.

Support And Resistance Levels for Park Hotels & Resorts Inc (PK)

According to the 24-hour chart, there is a support level at 14.47, which, if violated, would cause prices to drop to 14.36. In the upper region, resistance lies at 14.77. The next price resistance is at 14.95. RSI (Relative Strength Index) is 38.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.12, which suggests the price will decrease in the coming days. Percent R is at 82.93%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

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