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Insider Selling: Apollo Principal Holdings A GP, Hilton Grand Vacations Inc [HGV] 10% Owner divested 4,000,000 shares

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Hilton Grand Vacations Inc shares valued at $168,400,000 were sold by Apollo Principal Holdings A GP on Nov 25 ’24. At $42.10 per share, Apollo Principal Holdings A GP sold 4,000,000 shares. The insider’s holdings dropped to 26,295,825 shares worth approximately $1.08 billion following the completion of this transaction.

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Also, AP VIII Dakota Holdings Borrow purchased 2,980,513 shares, netting a total of over 131,917,505 in proceeds.

Before that, AP Dakota Co-Invest L.P. had added 1,019,487 shares to its account. In a trade valued at $45,122,495, the 10% Owner bought Hilton Grand Vacations Inc shares for $44.26 each.

As published in their initiating research note from Goldman on September 18, 2024, Hilton Grand Vacations Inc [HGV] has been a Sell and the price target has been revised to $31. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in early August. As of August 09, 2024, Jefferies has decreased its “Buy” rating to a “Hold” for HGV. Earlier on April 15, 2024, JP Morgan initiated its rating. Their recommendation was “an Overweight” for HGV stock.

Analyzing HGV Stock Performance

During the last five days, there has been a drop of approximately -2.62%. Over the course of the year, Hilton Grand Vacations Inc shares have jumped approximately 1.77%. Shares of the company reached a 52-week high of $49.02 on 02/28/24 and a 52-week low of $33.21 on 08/08/24. A 50-day SMA is recorded $39.43, while a 200-day SMA reached $40.83. Nevertheless, trading volume fell to 0.53 million shares from 0.54 million shares the previous day.

Support And Resistance Levels for Hilton Grand Vacations Inc (HGV)

According to the 24-hour chart, there is a support level at 40.47, which, if violated, would cause prices to drop to 40.04. In the upper region, resistance lies at 41.39. The next price resistance is at 41.88. RSI (Relative Strength Index) is 49.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.77, which suggests the price will decrease in the coming days. Percent R is at 88.34%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

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