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SVC stock rated a Hold by HSBC Securities

Service Properties Trust’s recent filing unveils that its CFO and Treasurer Donley Brian E. acquired Company’s shares for reported $9750.0 on Nov 08 ’24. In the deal valued at $3.25 per share,3,000 shares were bought. As a result of this transaction, Donley Brian E. now holds 91,813 shares worth roughly $0.26 million.

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Then, Donley Brian E. bought 3,000 shares, generating $16,310 in total proceeds. Upon buying the shares at $5.44, the CFO and Treasurer now owns 64,888 shares.

HSBC Securities initiated its Service Properties Trust [SVC] rating to a Hold in a research note published on October 23, 2023; the price target was $8. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in late April with a ‘”a Perform”‘ rating. B. Riley Securities also remained covering SVC and reiterated its “Buy” recommendation on February 28, 2022. Wells Fargo revised its rating on October 18, 2021. It rated SVC as “an Underweight” which previously was an “an Equal weight”.

Price Performance Review of SVC

On Monday, Service Properties Trust [NASDAQ:SVC] saw its stock jump 0.36% to $2.79. Over the last five days, the stock has gained 0.72%. Service Properties Trust shares have fallen nearly -67.33% since the year began. Nevertheless, the stocks have fallen -60.98% over the past one year. While a 52-week high of $8.72 was reached on 01/02/24, a 52-week low of $2.47 was recorded on 11/19/24. SMA at 50 days reached $3.68, while 200 days put it at $5.17.

Levels Of Support And Resistance For SVC Stock

The 24-hour chart illustrates a support level at 2.72, which if violated will result in even more drops to 2.66. On the upside, there is a resistance level at 2.83. A further resistance level may holdings at 2.88. The Relative Strength Index (RSI) on the 14-day chart is 37.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.67%. Stochastics %K at 43.78% indicates the stock is a holding.

How much short interest is there in Service Properties Trust?

A steep rise in short interest was recorded in Service Properties Trust stocks on 2024-11-15, growing by 0.3 million shares to a total of 7.24 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 6.94 million shares. There was a rise of 4.18%, which implies that there is a positive sentiment for the stock.

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