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Choice Hotels International, Inc (CHH) may enjoy gains as insiders got busy in the recent days

Choice Hotels International, Inc’s recently made public that its Chief Human Resources Officer Cimerola Patrick unloaded Company’s shares for reported $1.03 million on Nov 25 ’24. In the deal valued at $151.84 per share,6,816 shares were sold. As a result of this transaction, Cimerola Patrick now holds 12,616 shares worth roughly $1.78 million.

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Then, Cimerola Patrick sold 6,420 shares, generating $963,047 in total proceeds. Upon selling the shares at $150.01, the Chief Human Resources Officer now owns 16,975 shares.

Before that, THREE GRACES FOUNDATION INC. bought 22,500 shares. Choice Hotels International, Inc shares valued at $3,268,604 were divested by the 10% Owner at a price of $145.27 per share.

Wells Fargo initiated its Choice Hotels International, Inc [CHH] rating to an Underweight in a research note published on December 05, 2024; the price target was $133. A number of analysts have revised their coverage, including Jefferies’s analysts, who decreased its forecast for the stock in early November from “a Buy” to “a Hold”. Goldman began covering CHH with “Sell” recommendation on September 18, 2024. JP Morgan revised its rating on July 19, 2024. It rated CHH as “an Underweight” which previously was an “a Neutral”.

Price Performance Review of CHH

On Tuesday, Choice Hotels International, Inc [NYSE:CHH] saw its stock jump 0.86% to $140.92. Over the last five days, the stock has lost -3.11%. Choice Hotels International, Inc shares have risen nearly 24.19% since the year began. Nevertheless, the stocks have risen 23.35% over the past one year. While a 52-week high of $153.81 was reached on 11/25/24, a 52-week low of $108.91 was recorded on 03/05/24. SMA at 50 days reached $143.47, while 200 days put it at $127.97.

Levels Of Support And Resistance For CHH Stock

The 24-hour chart illustrates a support level at 139.53, which if violated will result in even more drops to 138.34. On the upside, there is a resistance level at 141.66. A further resistance level may holdings at 142.60. The Relative Strength Index (RSI) on the 14-day chart is 40.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.27%. Stochastics %K at 13.50% indicates the stock is a buying.

How much short interest is there in Choice Hotels International, Inc?

A steep rise in short interest was recorded in Choice Hotels International, Inc stocks on 2024-11-29, dropping by -0.85 million shares to a total of 4.65 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 5.5 million shares. There was a decline of -18.24%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on June 21, 2024 when Susquehanna began covering the stock and recommended ‘”a Neutral”‘ rating along with a $125 price target.

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