Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. RLJ Lodging Trust shares valued at $298,000 were sold by Collins Arthur Reginald on Dec 22 ’23. At $11.92 per share, Collins Arthur Reginald sold 25,000 shares. The insider’s holdings dropped to 30,758 shares worth approximately $0.32 million following the completion of this transaction.
As published in a research note from Wolfe Research on September 26, 2024, RLJ Lodging Trust [RLJ] has been rated down from an Outperform to a Peer perform. Analysts at Wells Fargo downgraded the stock from ‘”an Equal weight”‘ to ‘”an Underweight”‘ outlook in a report released in mid September. As of August 05, 2024, Compass Point has decreased its “Buy” rating to a “Neutral” for RLJ. Earlier on January 10, 2024, Wolfe Research initiated its rating. Their recommendation was “an Outperform” for RLJ stock.
Analyzing RLJ Stock Performance
During the last five days, there has been a drop of approximately -0.47%. Over the course of the year, RLJ Lodging Trust shares have dropped approximately -10.49%. Shares of the company reached a 52-week high of $12.39 on 03/06/24 and a 52-week low of $8.74 on 11/05/24. A 50-day SMA is recorded $9.59, while a 200-day SMA reached $10.05. Nevertheless, trading volume fell to 0.75 million shares from 1.04 million shares the previous day.
Support And Resistance Levels for RLJ Lodging Trust (RLJ)
According to the 24-hour chart, there is a support level at 10.43, which, if violated, would cause prices to drop to 10.36. In the upper region, resistance lies at 10.56. The next price resistance is at 10.63. RSI (Relative Strength Index) is 65.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.18, which suggests the price will decrease in the coming days. Percent R is at 34.65%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
