Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Service Properties Trust shares valued at $9,750 were purchased by Donley Brian E. on Nov 08 ’24. At $3.25 per share, Donley Brian E. acquired 3,000 shares. The insider’s holdings grew to 91,813 shares worth approximately $0.24 million following the completion of this transaction.
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Also, Donley Brian E. purchased 3,000 shares, netting a total of over 16,310 in proceeds. Following the buying of shares at $5.44 each, the insider now holds 64,888 shares.
As published in their initiating research note from HSBC Securities on October 23, 2023, Service Properties Trust [SVC] has been a Hold and the price target has been revised to $8. Analysts at Oppenheimer started covering the stock with ‘”a Perform”‘ outlook in a report released in late April. As of February 28, 2022, B. Riley Securities has reiterated its “Buy” rating for SVC. Earlier on October 18, 2021, Wells Fargo downgraded its rating. Their new recommendation was “an Underweight” for SVC stock which previously was a “an Equal weight”.
Analyzing SVC Stock Performance
During the last five days, there has been a drop of approximately -10.69%. Over the course of the year, Service Properties Trust shares have dropped approximately -69.67%. Shares of the company reached a 52-week high of $8.65 on 01/02/24 and a 52-week low of $2.47 on 11/19/24. A 50-day SMA is recorded $3.94, while a 200-day SMA reached $5.34. Nevertheless, trading volume fell to 2.2 million shares from 1.97 million shares the previous day.
Support And Resistance Levels for Service Properties Trust (SVC)
According to the 24-hour chart, there is a support level at 2.51, which, if violated, would cause prices to drop to 2.44. In the upper region, resistance lies at 2.65. The next price resistance is at 2.71. RSI (Relative Strength Index) is 25.16 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.32, which suggests the price will decrease in the coming days. Percent R is at 87.03%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
