Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Park Hotels & Resorts Inc shares valued at $473,598 were purchased by ECKERT THOMAS D on May 09 ’24. At $15.79 per share, ECKERT THOMAS D acquired 30,000 shares. The insider’s holdings grew to 137,478 shares worth approximately $1.88 million following the completion of this transaction.
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Also, Garrett Geoffrey sold 1,255 shares, netting a total of over 19,906 in proceeds. Following the sale of shares at $15.86 each, the insider now holds 39,190 shares.
As published in a research note from Wolfe Research on September 26, 2024, Park Hotels & Resorts Inc [PK] has been rated down from an Outperform to a Peer perform. Analysts at Evercore ISI upgraded the stock from ‘”an In-line”‘ to ‘”an Outperform”‘ outlook in a report released in mid May. As of March 22, 2024, Citigroup has increased its “Neutral” rating to a “Buy” for PK. Earlier on January 02, 2024, Jefferies upgraded its rating. Their new recommendation was “a Buy” for PK stock which previously was a “a Hold”.
Analyzing PK Stock Performance
During the last five days, there has been a drop of approximately -4.00%. Over the course of the year, Park Hotels & Resorts Inc shares have dropped approximately -10.65%. Shares of the company reached a 52-week high of $18.05 on 03/22/24 and a 52-week low of $13.23 on 08/05/24. A 50-day SMA is recorded $14.45, while a 200-day SMA reached $15.46. Nevertheless, trading volume fell to 2.93 million shares from 3.8 million shares the previous day.
Support And Resistance Levels for Park Hotels & Resorts Inc (PK)
According to the 24-hour chart, there is a support level at 13.54, which, if violated, would cause prices to drop to 13.41. In the upper region, resistance lies at 13.85. The next price resistance is at 14.03. RSI (Relative Strength Index) is 36.41 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.31, which suggests the price will decrease in the coming days. Percent R is at 92.92%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
