Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Choice Hotels International, Inc shares valued at $1,034,975 were sold by Cimerola Patrick on Nov 25 ’24. At $151.84 per share, Cimerola Patrick sold 6,816 shares. The insider’s holdings dropped to 12,616 shares worth approximately $1.77 million following the completion of this transaction.
Also, Cimerola Patrick sold 6,420 shares, netting a total of over 963,047 in proceeds. Following the sale of shares at $150.01 each, the insider now holds 16,975 shares.
Before that, THREE GRACES FOUNDATION INC. had added 22,500 shares to its account. In a trade valued at $3,268,604, the 10% Owner bought Choice Hotels International, Inc shares for $145.27 each.
As published in their initiating research note from Wells Fargo on December 05, 2024, Choice Hotels International, Inc [CHH] has been an Underweight and the price target has been revised to $133. Analysts at Jefferies downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early November. As of September 18, 2024, Goldman has initiated its “Sell” rating for CHH. Earlier on July 19, 2024, JP Morgan downgraded its rating. Their new recommendation was “an Underweight” for CHH stock which previously was a “a Neutral”.
Analyzing CHH Stock Performance
During the last five days, there has been a drop of approximately -1.10%. Over the course of the year, Choice Hotels International, Inc shares have dropped approximately -1.10%. Shares of the company reached a 52-week high of $144.84 on 01/06/25 and a 52-week low of $138.98 on 01/08/25. A 50-day SMA is recorded $144.43, while a 200-day SMA reached $128.57. Nevertheless, trading volume fell to 0.29 million shares from 0.25 million shares the previous day.
Support And Resistance Levels for Choice Hotels International, Inc (CHH)
According to the 24-hour chart, there is a support level at 139.07, which, if violated, would cause prices to drop to 137.73. In the upper region, resistance lies at 141.67. The next price resistance is at 142.93. RSI (Relative Strength Index) is 41.84 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.41, which suggests the price will decrease in the coming days. Percent R is at 70.94%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
