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Goldman’s latest rating for HGV stock

Hilton Grand Vacations Inc’s recent filing unveils that its 10% Owner AP VIII Dakota Holdings Borrow acquired Company’s shares for reported $131.92 million on Nov 25 ’24. In the deal valued at $44.26 per share,2,980,513 shares were bought.

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Then, AP Dakota Co-Invest L.P. bought 1,019,487 shares, generating $45,122,495 in total proceeds.

Before that, Corbin Charles R. Jr. sold 49,389 shares. Hilton Grand Vacations Inc shares valued at $2,051,866 were divested by the insider at a price of $41.55 per share. As a result of the transaction, Corbin Charles R. Jr. now holds 88,532 shares, worth roughly $3.69 million.

Goldman initiated its Hilton Grand Vacations Inc [HGV] rating to a Sell in a research note published on September 18, 2024; the price target was $31. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in early August from “an Overweight” to “a Neutral”. Jefferies also remained covering HGV and has decreased its forecast on August 09, 2024 with a “Hold” recommendation from previously “Buy” rating. JP Morgan started covering the stock on April 15, 2024. It rated HGV as “an Overweight”.

Price Performance Review of HGV

On Tuesday, Hilton Grand Vacations Inc [NYSE:HGV] saw its stock fall -5.92% to $41.64. Over the last five days, the stock has gained 2.03%. Hilton Grand Vacations Inc shares have risen nearly 3.63% since the year began. Nevertheless, the stocks have risen 18.19% over the past one year. While a 52-week high of $49.02 was reached on 02/28/24, a 52-week low of $33.21 was recorded on 08/08/24. SMA at 50 days reached $38.55, while 200 days put it at $41.00.

Levels Of Support And Resistance For HGV Stock

The 24-hour chart illustrates a support level at 41.32, which if violated will result in even more drops to 41.00. On the upside, there is a resistance level at 42.23. A further resistance level may holdings at 42.82. The Relative Strength Index (RSI) on the 14-day chart is 54.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.50, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.96%. Stochastics %K at 73.40% indicates the stock is a holding.

How much short interest is there in Hilton Grand Vacations Inc?

A steep rise in short interest was recorded in Hilton Grand Vacations Inc stocks on 2024-11-15, dropping by -0.26 million shares to a total of 6.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 6.79 million shares. There was a decline of -4.02%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on March 26, 2024 when Mizuho began covering the stock and recommended ‘”a Buy”‘ rating along with a $63 price target.

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