Chatham Lodging Trust’s filing revealed that its EVP & Chief Operating Officer CRAVEN DENNIS M acquired Company’s shares for reported $94560.0 on Jun 10 ’24. In the deal valued at $7.88 per share,12,000 shares were bought. As a result of this transaction, CRAVEN DENNIS M now holds 110,943 shares worth roughly $0.95 million.
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Oppenheimer downgraded its Chatham Lodging Trust [CLDT] rating to a Perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in late April with a ‘”an Outperform”‘ rating. Barclays also remained covering CLDT and has increased its forecast on September 01, 2021 with a “an Overweight” recommendation from previously “an Equal weight” rating. B. Riley Securities revised its rating on August 04, 2021. It rated CLDT as “a Buy” which previously was an “a Neutral”.
Price Performance Review of CLDT
On Friday, Chatham Lodging Trust [NYSE:CLDT] saw its stock jump 0.59% to $8.56. Over the last five days, the stock has gained 0.12%. Chatham Lodging Trust shares have fallen nearly -20.15% since the year began. Nevertheless, the stocks have fallen -12.56% over the past one year. While a 52-week high of $11.32 was reached on 01/23/24, a 52-week low of $7.60 was recorded on 06/10/24. SMA at 50 days reached $8.44, while 200 days put it at $9.53.
Levels Of Support And Resistance For CLDT Stock
The 24-hour chart illustrates a support level at 8.47, which if violated will result in even more drops to 8.39. On the upside, there is a resistance level at 8.61. A further resistance level may holdings at 8.66. The Relative Strength Index (RSI) on the 14-day chart is 55.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 10.42%. Stochastics %K at 81.25% indicates the stock is a selling.
How much short interest is there in Chatham Lodging Trust?
A steep rise in short interest was recorded in Chatham Lodging Trust stocks on 2024-08-15, dropping by -0.18 million shares to a total of 0.68 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 0.86 million shares. There was a decline of -25.68%, which implies that there is a negative sentiment for the stock.
