The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Pebblebrook Hotel Trust shares valued at $164,840 were purchased by BORTZ JON E on Nov 21 ’24. At $12.68 per share, BORTZ JON E acquired 13,000 shares. The insider’s holdings grew to 1,395,284 shares worth approximately $19.19 million following the completion of this transaction.
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Also, BORTZ JON E purchased 7,000 shares, netting a total of over 84,390 in proceeds. Following the buying of shares at $12.06 each, the insider now holds 1,382,284 shares.
Before that, BORTZ JON E had added 26,000 shares to its account. In a trade valued at $324,480, the Chairman and CEO bought Pebblebrook Hotel Trust shares for $12.48 each. Upon closing the transaction, the insider’s holdings increased to 26,000 shares, worth approximately $18.91 million.
As published in a research note from Stifel on November 22, 2024, Pebblebrook Hotel Trust [PEB] has been rated up from a Hold to a Buy and the price target has been revised to $15. Analysts at Compass Point upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late November. As of March 28, 2024, Compass Point has decreased its “Buy” rating to a “Neutral” for PEB. Earlier on January 08, 2024, BofA Securities downgraded its rating. Their new recommendation was “an Underperform” for PEB stock which previously was a “a Neutral”.
Analyzing PEB Stock Performance
During the last five days, there has been a drop of approximately -5.11%. Over the course of the year, Pebblebrook Hotel Trust shares have dropped approximately -13.95%. Shares of the company reached a 52-week high of $16.65 on 02/21/24 and a 52-week low of $11.65 on 08/06/24. A 50-day SMA is recorded $13.25, while a 200-day SMA reached $13.76. Nevertheless, trading volume fell to 0.55 million shares from 1.08 million shares the previous day.
Support And Resistance Levels for Pebblebrook Hotel Trust (PEB)
According to the 24-hour chart, there is a support level at 13.51, which, if violated, would cause prices to drop to 13.28. In the upper region, resistance lies at 13.87. The next price resistance is at 14.00. RSI (Relative Strength Index) is 48.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.65, which suggests the price will decrease in the coming days. Percent R is at 73.30%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
