Hilton Grand Vacations Inc’s recent filing unveils that its 10% Owner Apollo Principal Holdings A GP unloaded Company’s shares for reported $168.4 million on Nov 25 ’24. In the deal valued at $42.10 per share,4,000,000 shares were sold. As a result of this transaction, Apollo Principal Holdings A GP now holds 26,295,825 shares worth roughly $1.03 billion.
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Then, AP VIII Dakota Holdings Borrow bought 2,980,513 shares, generating $131,917,505 in total proceeds.
Before that, AP Dakota Co-Invest L.P. bought 1,019,487 shares. Hilton Grand Vacations Inc shares valued at $45,122,495 were divested by the 10% Owner at a price of $44.26 per share.
Barclays downgraded its Hilton Grand Vacations Inc [HGV] rating to an Equal weight from a an Overweight in a research note published on December 13, 2024; the price target was decreased to $41 from $44. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in mid September with a ‘”a Sell”‘ rating. JP Morgan also remained covering HGV and has decreased its forecast on August 09, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Jefferies revised its rating on August 09, 2024. It rated HGV as “a Hold” which previously was an “a Buy”.
Price Performance Review of HGV
On Monday, Hilton Grand Vacations Inc [NYSE:HGV] saw its stock fall -0.05% to $39.28. Over the last five days, the stock has lost -2.99%. Hilton Grand Vacations Inc shares have fallen nearly -2.24% since the year began. Nevertheless, the stocks have fallen -6.30% over the past one year. While a 52-week high of $49.02 was reached on 02/28/24, a 52-week low of $33.21 was recorded on 08/08/24. SMA at 50 days reached $40.04, while 200 days put it at $40.60.
Levels Of Support And Resistance For HGV Stock
The 24-hour chart illustrates a support level at 38.92, which if violated will result in even more drops to 38.56. On the upside, there is a resistance level at 39.51. A further resistance level may holdings at 39.74. The Relative Strength Index (RSI) on the 14-day chart is 43.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.95%. Stochastics %K at 28.68% indicates the stock is a holding.
How much short interest is there in Hilton Grand Vacations Inc?
A steep rise in short interest was recorded in Hilton Grand Vacations Inc stocks on 2024-11-29, dropping by -0.62 million shares to a total of 6.38 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 7.0 million shares. There was a decline of -9.71%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 15, 2024 when JP Morgan began covering the stock and recommended ‘”an Overweight”‘ rating along with a $59 price target.
