RLJ Lodging Trust’s filing revealed that its Director Collins Arthur Reginald unloaded Company’s shares for reported $0.3 million on Dec 22 ’23. In the deal valued at $11.92 per share,25,000 shares were sold. As a result of this transaction, Collins Arthur Reginald now holds 30,758 shares worth roughly $0.33 million.
Wolfe Research downgraded its RLJ Lodging Trust [RLJ] rating to a Peer perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in mid September from “an Equal weight” to “an Underweight”. Compass Point also remained covering RLJ and has decreased its forecast on August 05, 2024 with a “Neutral” recommendation from previously “Buy” rating. Wolfe Research started covering the stock on January 10, 2024. It rated RLJ as “an Outperform”.
Price Performance Review of RLJ
On Tuesday, RLJ Lodging Trust [NYSE:RLJ] saw its stock jump 5.22% to $10.68. Over the last five days, the stock has gained 5.95%. RLJ Lodging Trust shares have fallen nearly -8.87% since the year began. Nevertheless, the stocks have fallen -1.64% over the past one year. While a 52-week high of $12.39 was reached on 03/06/24, a 52-week low of $8.74 was recorded on 11/05/24. SMA at 50 days reached $9.44, while 200 days put it at $10.10.
Levels Of Support And Resistance For RLJ Stock
The 24-hour chart illustrates a support level at 10.36, which if violated will result in even more drops to 10.04. On the upside, there is a resistance level at 10.92. A further resistance level may holdings at 11.16. The Relative Strength Index (RSI) on the 14-day chart is 76.83, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 11.85%. Stochastics %K at 81.95% indicates the stock is a selling.
How much short interest is there in RLJ Lodging Trust?
A steep rise in short interest was recorded in RLJ Lodging Trust stocks on 2024-11-15, growing by 0.15 million shares to a total of 13.78 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 13.63 million shares. There was a rise of 1.1%, which implies that there is a positive sentiment for the stock.
