Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Playa Hotels & Resorts N.V shares valued at $974,000 were sold by DAVIDSON KEMPNER CAPITAL MANAG on Nov 08 ’24. At $9.74 per share, DAVIDSON KEMPNER CAPITAL MANAG sold 100,000 shares. The insider’s holdings dropped to 12,142,519 shares worth approximately $116.69 million following the completion of this transaction.
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Also, Peterson Karl Mr. sold 60,000 shares, netting a total of over 498,600 in proceeds. Following the sale of shares at $8.31 each, the insider now holds 2,469,033 shares.
Before that, Peterson Karl Mr. had sold 5,000 shares from its account. In a trade valued at $47,900, the Director traded Playa Hotels & Resorts N.V shares for $9.58 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $24.3 million.
As published in a research note from Citigroup on August 14, 2024, Playa Hotels & Resorts N.V [PLYA] has been rated down from a Buy to a Neutral and the price target has been revised to $8 from $12. Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”an Underperform”‘ outlook in a report released in late June. As of December 14, 2022, Citigroup has increased its “Neutral” rating to a “Buy” for PLYA. Earlier on May 09, 2022, Truist upgraded its rating. Their new recommendation was “a Buy” for PLYA stock which previously was a “a Hold”.
Analyzing PLYA Stock Performance
During the last five days, there has been a drop of approximately -5.88%. Over the course of the year, Playa Hotels & Resorts N.V shares have jumped approximately 11.10%. Shares of the company reached a 52-week high of $10.50 on 12/04/24 and a 52-week low of $6.95 on 08/06/24. A 50-day SMA is recorded $9.31, while a 200-day SMA reached $8.68. Nevertheless, trading volume fell to 0.56 million shares from 0.51 million shares the previous day.
Support And Resistance Levels for Playa Hotels & Resorts N.V (PLYA)
According to the 24-hour chart, there is a support level at 9.38, which, if violated, would cause prices to drop to 9.15. In the upper region, resistance lies at 10.02. The next price resistance is at 10.43. RSI (Relative Strength Index) is 45.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.09, which suggests the price will decrease in the coming days. Percent R is at 94.68%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
