As this happened, Wells Fargo upgraded its Sunstone Hotel Investors Inc [SHO] rating to an Equal weight from a an Underweight in a research note published recently. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in early July from “a Peer perform” to “an Outperform”. Robert W. Baird also remained covering SHO and has increased its forecast on May 28, 2024 with a “an Outperform” recommendation from previously “Neutral” rating. Compass Point revised its rating on May 07, 2024. It rated SHO as “a Neutral” which previously was an “a Sell”.
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Price Performance Review of SHO
On Tuesday, Sunstone Hotel Investors Inc [NYSE:SHO] saw its stock fall -0.58% to $10.21. Over the last five days, the stock has lost -1.07%. Sunstone Hotel Investors Inc shares have fallen nearly -4.85% since the year began. Nevertheless, the stocks have risen 10.62% over the past one year. While a 52-week high of $11.59 was reached on 03/06/24, a 52-week low of $8.98 was recorded on 08/07/24. SMA at 50 days reached $10.25, while 200 days put it at $10.47.
Levels Of Support And Resistance For SHO Stock
The 24-hour chart illustrates a support level at 10.15, which if violated will result in even more drops to 10.10. On the upside, there is a resistance level at 10.26. A further resistance level may holdings at 10.32. The Relative Strength Index (RSI) on the 14-day chart is 46.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.17%. Stochastics %K at 48.06% indicates the stock is a holding.
How much short interest is there in Sunstone Hotel Investors Inc?
A steep rise in short interest was recorded in Sunstone Hotel Investors Inc stocks on 2024-09-30, dropping by -4.73 million shares to a total of 10.64 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 15.36 million shares. There was a decline of -44.42%, which implies that there is a negative sentiment for the stock.
