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Hyatt Hotels Corporation (H) gets rating Downgrade from HSBC Securities

In a filing, Hyatt Hotels Corporation revealed its Officer MARK R VONDRASEK acquired Company’s shares for reported $0.6 million on Nov 25 ’24. In the deal valued at $159.99 per share,3,776 shares were bought.

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Then, Udell David sold 2,218 shares, generating $350,444 in total proceeds. Upon selling the shares at $158.00, the insider now owns 7,761 shares.

Before that, DAVID UDELL bought 2,218 shares. Hyatt Hotels Corporation shares valued at $350,444 were divested by the Officer at a price of $158.00 per share.

HSBC Securities downgraded its Hyatt Hotels Corporation [H] 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 Neutral”‘ rating. Susquehanna began covering H with “Neutral” recommendation on June 21, 2024. Mizuho started covering the stock on March 26, 2024. It rated H as “a Buy”.

Price Performance Review of H

On Monday, Hyatt Hotels Corporation [NYSE:H] saw its stock jump 2.61% to $160.31. Over the last five days, the stock has gained 4.97%. Hyatt Hotels Corporation shares have risen nearly 22.93% since the year began. Nevertheless, the stocks have risen 37.28% over the past one year. While a 52-week high of $162.24 was reached on 07/16/24, a 52-week low of $112.85 was recorded on 01/16/24. SMA at 50 days reached $153.20, while 200 days put it at $149.97.

Levels Of Support And Resistance For H Stock

The 24-hour chart illustrates a support level at 158.28, which if violated will result in even more drops to 156.26. On the upside, there is a resistance level at 161.93. A further resistance level may holdings at 163.56. The Relative Strength Index (RSI) on the 14-day chart is 61.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.76, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.96%. Stochastics %K at 76.82% indicates the stock is a holding.

How much short interest is there in Hyatt Hotels Corporation?

A steep rise in short interest was recorded in Hyatt Hotels Corporation stocks on 2024-10-31, dropping by -0.52 million shares to a total of 4.51 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 5.03 million shares. There was a decline of -11.47%, which implies that there is a negative sentiment for the stock.

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