As this happened, Morgan Stanley downgraded its Sunstone Hotel Investors Inc [SHO] rating to an Underweight from a an Equal-weight in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in mid September from “an Underweight” to “an Equal weight”. Wolfe Research also remained covering SHO and has increased its forecast on July 10, 2024 with a “an Outperform” recommendation from previously “Peer perform” rating. Robert W. Baird revised its rating on May 28, 2024. It rated SHO as “an Outperform” which previously was an “a Neutral”.
Price Performance Review of SHO
On Monday, Sunstone Hotel Investors Inc [NYSE:SHO] saw its stock jump 0.52% to $11.53. Over the last five days, the stock has lost -1.62%. Sunstone Hotel Investors Inc shares have fallen nearly -2.62% since the year began. Nevertheless, the stocks have risen 10.65% over the past one year. While a 52-week high of $12.41 was reached on 01/06/25, a 52-week low of $9.39 was recorded on 01/22/25. SMA at 50 days reached $11.50, while 200 days put it at $10.58.
Levels Of Support And Resistance For SHO Stock
The 24-hour chart illustrates a support level at 11.39, which if violated will result in even more drops to 11.24. On the upside, there is a resistance level at 11.66. A further resistance level may holdings at 11.78. The Relative Strength Index (RSI) on the 14-day chart is 45.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.37%. Stochastics %K at 36.92% indicates the stock is a holding.
How much short interest is there in Sunstone Hotel Investors Inc?
A steep rise in short interest was recorded in Sunstone Hotel Investors Inc stocks on 2024-12-31, dropping by -4.03 million shares to a total of 10.38 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 14.41 million shares. There was a decline of -38.83%, which implies that there is a negative sentiment for the stock.
