Park Hotels & Resorts Inc’s recently made public that 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 $1.99 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.
Wolfe Research downgraded its Park Hotels & Resorts Inc [PK] rating to a Peer perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who increased its forecast for the stock in mid May from “an In-line” to “an Outperform”. Citigroup also remained covering PK and has increased its forecast on March 22, 2024 with a “Buy” recommendation from previously “Neutral” rating. Jefferies revised its rating on January 02, 2024. It rated PK as “a Buy” which previously was an “a Hold”.
Price Performance Review of PK
On Friday, Park Hotels & Resorts Inc [NYSE:PK] saw its stock jump 2.85% to $14.44. Over the last five days, the stock has lost -2.50%. Park Hotels & Resorts Inc shares have fallen nearly -5.62% since the year began. Nevertheless, the stocks have risen 32.20% 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 $14.49, while 200 days put it at $15.59.
Levels Of Support And Resistance For PK Stock
The 24-hour chart illustrates a support level at 14.28, which if violated will result in even more drops to 14.12. On the upside, there is a resistance level at 14.54. A further resistance level may holdings at 14.65. The Relative Strength Index (RSI) on the 14-day chart is 48.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.50, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.83%. Stochastics %K at 20.20% indicates the stock is a holding.
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 2024-09-13, dropping by -2.82 million shares to a total of 16.64 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 19.46 million shares. There was a decline of -16.92%, which implies that there is a negative sentiment for the stock.
