In a filing, Park Hotels & Resorts Inc revealed its Director ECKERT THOMAS D acquired Company’s shares for reported $0.47 million on May 09 ’24. In the deal valued at $15.79 per share,30,000 shares were bought. As a result of this transaction, ECKERT THOMAS D now holds 137,478 shares worth roughly $ 1.94 million.
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Then, Garrett Geoffrey sold 1,255 shares, generating $19,906 in total proceeds. Upon selling the shares at $15.86, the Director now owns 39,190 shares.
Before that, Garrett Geoffrey sold 14,000 shares. Park Hotels & Resorts Inc shares valued at $179,656 were divested by the Director at a price of $12.83 per share. As a result of the transaction, Garrett Geoffrey now holds 31,777 shares, worth roughly $0.45 million.
Evercore ISI upgraded its Park Hotels & Resorts Inc [PK] rating to an Outperform from a an In-line in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in late March from “a Neutral” to “a Buy”. Jefferies also remained covering PK and has increased its forecast on January 02, 2024 with a “Buy” recommendation from previously “Hold” rating. JP Morgan revised its rating on December 14, 2023. It rated PK as “a Neutral” which previously was an “an Underweight”.
Price Performance Review of PK
On Monday, Park Hotels & Resorts Inc [NYSE:PK] saw its stock fall -0.35% to $14.08. Over the last five days, the stock has lost -7.85%. Park Hotels & Resorts Inc shares have fallen nearly -7.97% since the year began. Nevertheless, the stocks have risen 23.65% over the past one year. While a 52-week high of $18.05 was reached on 03/22/24, a 52-week low of $10.06 was recorded on 08/05/24. SMA at 50 days reached $14.57, while 200 days put it at $15.65.
Levels Of Support And Resistance For PK Stock
The 24-hour chart illustrates a support level at 13.97, which if violated will result in even more drops to 13.86. On the upside, there is a resistance level at 14.23. A further resistance level may holdings at 14.37. The Relative Strength Index (RSI) on the 14-day chart is 41.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.78%. Stochastics %K at 6.13% indicates the stock is a buying.
How much short interest is there in Park Hotels & Resorts Inc?
A steep rise in short interest was recorded in Park Hotels & Resorts Inc stocks on 2024-08-15, growing by 2.45 million shares to a total of 19.46 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 17.01 million shares. There was a rise of 12.57%, which implies that there is a positive sentiment for the stock.
