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Potential Price Increase for United Parks & Resorts Inc (PRKS) After Recent Insider Activity

In a filing, United Parks & Resorts Inc revealed its Chief Commercial Officer Finazzo Christopher L. unloaded Company’s shares for reported $0.72 million on Dec 13 ’24. In the deal valued at $55.62 per share,13,000 shares were sold. As a result of this transaction, Finazzo Christopher L. now holds 132,439 shares worth roughly $6.85 million.

Then, Forrester James W Jr bought 875 shares, generating $48,678 in total proceeds.

Before that, Christopher Finazzo bought 13,000 shares. United Parks & Resorts Inc shares valued at $736,190 were divested by the Chief Commercial Officer at a price of $56.63 per share.

Goldman downgraded its United Parks & Resorts Inc [PRKS] rating to a Neutral from a a Buy in a research note published on August 08, 2024; the price target was decreased to $53 from $63. A number of analysts have revised their coverage, including Guggenheim’s analysts, who began to cover the stock in early April with a ‘”a Buy”‘ rating. Mizuho began covering PRKS with “an Underperform” recommendation on March 26, 2024. Morgan Stanley revised its rating on December 14, 2023. It rated PRKS as “an Equal-weight” which previously was an “an Overweight”.

Price Performance Review of PRKS

On Tuesday, United Parks & Resorts Inc [NYSE:PRKS] saw its stock fall -0.63% to $51.71. Over the last five days, the stock has lost -2.08%. United Parks & Resorts Inc shares have fallen nearly -7.97% since the year began. Nevertheless, the stocks have risen 6.93% over the past one year. While a 52-week high of $60.83 was reached on 01/06/25, a 52-week low of $44.72 was recorded on 01/22/25. SMA at 50 days reached $55.16, while 200 days put it at $52.92.

Levels Of Support And Resistance For PRKS Stock

The 24-hour chart illustrates a support level at 51.48, which if violated will result in even more drops to 51.25. On the upside, there is a resistance level at 51.96. A further resistance level may holdings at 52.21. The Relative Strength Index (RSI) on the 14-day chart is 40.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.44%. Stochastics %K at 37.94% indicates the stock is a holding.

How much short interest is there in United Parks & Resorts Inc?

A steep rise in short interest was recorded in United Parks & Resorts Inc stocks on 2025-01-31, dropping by -0.6 million shares to a total of 5.22 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 5.82 million shares. There was a decline of -11.56%, which implies that there is a negative sentiment for the stock.

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