Choice Hotels International, Inc’s recently made public that its 10% Owner THREE GRACES FOUNDATION INC. acquired Company’s shares for reported $3.24 million on Nov 12 ’24. In the deal valued at $143.87 per share,22,500 shares were bought.
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Then, Pacious Patrick sold 7,192 shares, generating $1,042,480 in total proceeds. Upon selling the shares at $144.95, the President & CEO now owns 404,666 shares.
Before that, Pacious Patrick sold 26,816 shares. Choice Hotels International, Inc shares valued at $3,879,935 were divested by the President & CEO at a price of $144.69 per share. As a result of the transaction, Pacious Patrick now holds 404,666 shares, worth roughly $58.41 million.
Jefferies downgraded its Choice Hotels International, Inc [CHH] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in mid September with a ‘”a Sell”‘ rating. JP Morgan also remained covering CHH and has decreased its forecast on July 19, 2024 with a “an Underweight” recommendation from previously “Neutral” rating. Susquehanna started covering the stock on June 21, 2024. It rated CHH as “a Neutral”.
Price Performance Review of CHH
On Tuesday, Choice Hotels International, Inc [NYSE:CHH] saw its stock fall -0.46% to $144.34. Over the last five days, the stock has gained 3.50%. Choice Hotels International, Inc shares have risen nearly 27.40% since the year began. Nevertheless, the stocks have risen 29.51% over the past one year. While a 52-week high of $149.75 was reached on 11/04/24, a 52-week low of $108.91 was recorded on 03/05/24. SMA at 50 days reached $133.15, while 200 days put it at $123.82.
Levels Of Support And Resistance For CHH Stock
The 24-hour chart illustrates a support level at 142.56, which if violated will result in even more drops to 140.78. On the upside, there is a resistance level at 145.61. A further resistance level may holdings at 146.88. The Relative Strength Index (RSI) on the 14-day chart is 65.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.92, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 31.10%. Stochastics %K at 72.72% indicates the stock is a holding.
How much short interest is there in Choice Hotels International, Inc?
A steep rise in short interest was recorded in Choice Hotels International, Inc stocks on 2024-10-15, dropping by -0.39 million shares to a total of 5.51 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 5.9 million shares. There was a decline of -7.15%, which implies that there is a negative sentiment for the stock.
