The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Wyndham Hotels & Resorts Inc shares valued at $559,680 were sold by Rossi Nicola on Jul 26 ’24. At $76.70 per share, Rossi Nicola sold 7,297 shares. The insider’s holdings dropped to 4,107 shares worth approximately $0.31 million following the completion of this transaction.
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Also, Rossi Nicola sold 303 shares, netting a total of over 23,266 in proceeds. Following the sale of shares at $76.78 each, the insider now holds 3,804 shares.
Before that, Rossi Nicola had added 7,600 shares to its account. In a trade valued at $559,267, the Officer bought Wyndham Hotels & Resorts Inc shares for $73.59 each.
As published in their initiating research note from Susquehanna on June 21, 2024, Wyndham Hotels & Resorts Inc [WH] has been a Neutral and the price target has been revised to $80. Analysts at HSBC Securities started covering the stock with ‘”a Buy”‘ outlook in a report released in late October. As of April 05, 2023, Deutsche Bank has initiated its “Buy” rating for WH. Earlier on December 15, 2022, Barclays upgraded its rating. Their new recommendation was “an Overweight” for WH stock which previously was a “an Equal weight”.
Analyzing WH Stock Performance
During the last five days, there has been a drop of approximately -0.31%. Over the course of the year, Wyndham Hotels & Resorts Inc shares have dropped approximately -7.20%. Shares of the company reached a 52-week high of $81.51 on 01/12/24 and a 52-week low of $67.67 on 05/29/24. A 50-day SMA is recorded $73.54, while a 200-day SMA reached $75.52. Nevertheless, trading volume fell to 0.53 million shares from 0.48 million shares the previous day.
Support And Resistance Levels for Wyndham Hotels & Resorts Inc (WH)
According to the 24-hour chart, there is a support level at 74.18, which, if violated, would cause prices to drop to 73.73. In the upper region, resistance lies at 75.26. The next price resistance is at 75.89. RSI (Relative Strength Index) is 51.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.69, which suggests the price will decrease in the coming days. Percent R is at 64.82%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
