Pebblebrook Hotel Trust’s recent filing unveils that its Chairman and CEO BORTZ JON E acquired Company’s shares for reported $0.27 million on Aug 13 ’24. In the deal valued at $12.21 per share,22,000 shares were bought. As a result of this transaction, BORTZ JON E now holds 1,341,284 shares worth roughly $17.01 million.
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Then, BORTZ JON E bought 8,000 shares, generating $98,720 in total proceeds. Upon buying the shares at $12.34, the Chairman and CEO now owns 1,349,284 shares.
Before that, BORTZ JON E bought 66,000 shares. Pebblebrook Hotel Trust shares valued at $790,680 were divested by the Chairman and CEO at a price of $11.98 per share. As a result of the transaction, BORTZ JON E now holds 1,319,284 shares, worth roughly $16.73 million.
Compass Point downgraded its Pebblebrook Hotel Trust [PEB] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early January from “a Neutral” to “an Underperform”. Wedbush began covering PEB with “Neutral” recommendation on October 03, 2023. Wolfe Research started covering the stock on September 28, 2023. It rated PEB as “a Peer perform”.
Price Performance Review of PEB
On Friday, Pebblebrook Hotel Trust [NYSE:PEB] saw its stock fall -1.25% to $12.68. Over the last five days, the stock has lost -4.59%. Pebblebrook Hotel Trust shares have fallen nearly -20.65% since the year began. Nevertheless, the stocks have fallen -4.73% over the past one year. While a 52-week high of $16.65 was reached on 02/21/24, a 52-week low of $11.39 was recorded on 08/06/24. SMA at 50 days reached $12.92, while 200 days put it at $14.41.
Levels Of Support And Resistance For PEB Stock
The 24-hour chart illustrates a support level at 12.55, which if violated will result in even more drops to 12.42. On the upside, there is a resistance level at 12.85. A further resistance level may holdings at 13.03. The Relative Strength Index (RSI) on the 14-day chart is 42.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.50%. Stochastics %K at 23.07% indicates the stock is a holding.
How much short interest is there in Pebblebrook Hotel Trust?
A steep rise in short interest was recorded in Pebblebrook Hotel Trust stocks on 2024-09-30, dropping by -1.32 million shares to a total of 17.22 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 18.53 million shares. There was a decline of -7.65%, which implies that there is a negative sentiment for the stock.
