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. Summit Hotel Properties Inc shares valued at $135,301 were sold by Bright Force Investment, LLC on Mar 10 ’25. At $6.38 per share, Bright Force Investment, LLC sold 21,207 shares. The insider’s holdings dropped to 1,578,793 shares worth approximately $8.7 million following the completion of this transaction.
As published in their initiating research note from Wolfe Research on January 10, 2024, Summit Hotel Properties Inc [INN] has been a Peer perform. Analysts at Robert W. Baird downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in mid January. As of September 15, 2022, CapitalOne has decreased its “an Overweight” rating to a “an Equal weight” for INN. Earlier on July 14, 2022, KeyBanc Capital Markets downgraded its rating. Their new recommendation was “a Sector weight” for INN stock which previously was a “an Overweight”.
Analyzing INN Stock Performance
During the last five days, there has been a drop of approximately -14.57%. Over the course of the year, Summit Hotel Properties Inc shares have dropped approximately -19.56%. Shares of the company reached a 52-week high of $6.96 on 01/28/25 and a 52-week low of $5.49 on 03/13/25. A 50-day SMA is recorded $6.55, while a 200-day SMA reached $6.42.
Support And Resistance Levels for Summit Hotel Properties Inc (INN)
According to the 24-hour chart, there is a support level at 5.39, which, if violated, would cause prices to drop to 5.27. In the upper region, resistance lies at 5.74. The next price resistance is at 5.96. RSI (Relative Strength Index) is 26.62 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.50, which suggests the price will decrease in the coming days. Percent R is at 98.70%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
