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United Parks & Resorts Inc. [NYSE: PRKS] Sees Increase in Stock Value

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 $1,042,720 were purchased by Miller Kyle Robert on Aug 12 ’24. At $47.04 per share, Miller Kyle Robert acquired 22,167 shares.

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Also, Dold Christopher sold 32,518 shares, netting a total of over 1,675,978 in proceeds. Following the sale of shares at $51.54 each, the insider now holds 33,242 shares.

Before that, Miller Kyle Robert had sold 1,000 shares from its account. In a trade valued at $54,440, the insider traded United Parks & Resorts Inc. shares for $54.44 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $1.75 million.

As published in a research note from Goldman on August 08, 2024, United Parks & Resorts Inc. [PRKS] has been rated down from a Buy to a Neutral and the price target has been revised to $53 from $63. Analysts at Guggenheim started covering the stock with ‘”a Buy”‘ outlook in a report released in early April. As of March 26, 2024, Mizuho has initiated its “an Underperform” rating for PRKS. Earlier on December 14, 2023, Morgan Stanley downgraded its rating. Their new recommendation was “an Equal-weight” for PRKS stock which previously was a “an Overweight”.

Analyzing PRKS Stock Performance

During the last five days, there has been a surge of approximately 3.96%. Over the course of the year, United Parks & Resorts Inc. shares have dropped approximately -7.50%. Shares of the company reached a 52-week high of $60.36 on 07/17/24 and a 52-week low of $44.72 on 08/05/24. A 50-day SMA is recorded $52.38, while a 200-day SMA reached $51.28.

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

According to the 24-hour chart, there is a support level at 47.94, which, if violated, would cause prices to drop to 47.01. In the upper region, resistance lies at 49.46. The next price resistance is at 50.04. RSI (Relative Strength Index) is 42.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.00, which suggests the price will decrease in the coming days. Percent R is at 56.34%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.

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