Playa Hotels & Resorts N.V’s recently made public that its 10% Owner DAVIDSON KEMPNER CAPITAL MANAG unloaded Company’s shares for reported $0.97 million on Nov 08 ’24. In the deal valued at $9.74 per share,100,000 shares were sold. As a result of this transaction, DAVIDSON KEMPNER CAPITAL MANAG now holds 12,142,519 shares worth roughly $115.48 million.
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Then, Peterson Karl Mr. sold 60,000 shares, generating $498,600 in total proceeds. Upon selling the shares at $8.31, the Director now owns 2,469,033 shares.
Before that, Peterson Karl Mr. sold 5,000 shares. Playa Hotels & Resorts N.V shares valued at $47,900 were divested by the Director at a price of $9.58 per share. As a result of the transaction, Peterson Karl Mr. now holds 2,529,033 shares, worth roughly $24.05 million.
Citigroup downgraded its Playa Hotels & Resorts N.V [PLYA] rating to a Neutral from a a Buy in a research note published on August 14, 2024; the price target was decreased to $8 from $12. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in late June from “a Buy” to “an Underperform”. Citigroup also remained covering PLYA and has increased its forecast on December 14, 2022 with a “Buy” recommendation from previously “Neutral” rating. Truist revised its rating on May 09, 2022. It rated PLYA as “a Buy” which previously was an “a Hold”.
Price Performance Review of PLYA
On Tuesday, Playa Hotels & Resorts N.V [NASDAQ:PLYA] saw its stock jump 0.11% to $9.51. Over the last five days, the stock has lost -2.46%. Playa Hotels & Resorts N.V shares have risen nearly 9.94% since the year began. Nevertheless, the stocks have risen 21.15% over the past one year. While a 52-week high of $10.13 was reached on 11/11/24, a 52-week low of $6.95 was recorded on 08/06/24. SMA at 50 days reached $8.46, while 200 days put it at $8.58.
Levels Of Support And Resistance For PLYA Stock
The 24-hour chart illustrates a support level at 9.41, which if violated will result in even more drops to 9.31. On the upside, there is a resistance level at 9.56. A further resistance level may holdings at 9.61. The Relative Strength Index (RSI) on the 14-day chart is 65.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.90%. Stochastics %K at 62.50% indicates the stock is a holding.
How much short interest is there in Playa Hotels & Resorts N.V?
A steep rise in short interest was recorded in Playa Hotels & Resorts N.V stocks on 2024-10-31, growing by 2.1 million shares to a total of 6.1 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 4.0 million shares. There was a rise of 34.46%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 22, 2022 when Oppenheimer began covering the stock and recommended ‘”an Outperform”‘ rating along with a $13 price target.
