Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Pebblebrook Hotel Trust shares valued at $268,620 were purchased by BORTZ JON E on Aug 13 ’24. At $12.21 per share, BORTZ JON E acquired 22,000 shares. The insider’s holdings grew to 1,341,284 shares worth approximately $16.15 million following the completion of this transaction.
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Also, BORTZ JON E purchased 8,000 shares, netting a total of over 98,720 in proceeds. Following the buying of shares at $12.34 each, the insider now holds 1,349,284 shares.
Before that, BORTZ JON E had added 66,000 shares to its account. In a trade valued at $790,680, the Chairman and CEO bought Pebblebrook Hotel Trust shares for $11.98 each. Upon closing the transaction, the insider’s holdings increased to 66,000 shares, worth approximately $15.88 million.
As published in a research note from Compass Point on March 28, 2024, Pebblebrook Hotel Trust [PEB] has been rated down from a Buy to a Neutral and the price target has been revised to $17. Analysts at BofA Securities downgraded the stock from ‘”a Neutral”‘ to ‘”an Underperform”‘ outlook in a report released in early January. As of October 03, 2023, Wedbush has initiated its “Neutral” rating for PEB. Earlier on September 28, 2023, Wolfe Research initiated its rating. Their recommendation was “a Peer perform” for PEB stock.
Analyzing PEB Stock Performance
During the last five days, there has been a drop of approximately -6.59%. Over the course of the year, Pebblebrook Hotel Trust shares have dropped approximately -24.66%. Nevertheless, trading volume fell to 2.11 million shares from 2.02 million shares the previous day.
Support And Resistance Levels for Pebblebrook Hotel Trust (PEB)
RSI (Relative Strength Index) is 33.60 on the 14-day chart, showing neutral technical sentiment.
