In a filing, Summit Hotel Properties Inc revealed its 10% Owner Bright Force Investment, LLC unloaded Company’s shares for reported $0.14 million on Mar 10 ’25. In the deal valued at $6.38 per share,21,207 shares were sold. As a result of this transaction, Bright Force Investment, LLC now holds 1,578,793 shares worth roughly $8.92 million.
Wolfe Research initiated its Summit Hotel Properties Inc [INN] rating to a Peer perform in a research note published recently. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who decreased its forecast for the stock in mid January from “an Outperform” to “a Neutral”. CapitalOne also remained covering INN and has decreased its forecast on September 15, 2022 with a “an Equal weight” recommendation from previously “an Overweight” rating. KeyBanc Capital Markets revised its rating on July 14, 2022. It rated INN as “a Sector weight” which previously was an “an Overweight”.
Price Performance Review of INN
On Tuesday, Summit Hotel Properties Inc [NYSE:INN] saw its stock fall -0.35% to $5.65. Over the last five days, the stock has gained 0.71%. Summit Hotel Properties Inc shares have fallen nearly -17.52% since the year began. Nevertheless, the stocks have fallen -12.94% over the past one year. While a 52-week high of $7.22 was reached on 01/28/25, a 52-week low of $5.42 was recorded on 03/21/25. SMA at 50 days reached $6.39, while 200 days put it at $6.41.
Levels Of Support And Resistance For INN Stock
The 24-hour chart illustrates a support level at 5.59, which if violated will result in even more drops to 5.53. On the upside, there is a resistance level at 5.71. A further resistance level may holdings at 5.77. The Relative Strength Index (RSI) on the 14-day chart is 37.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.30%. Stochastics %K at 16.80% indicates the stock is a buying.
How much short interest is there in Summit Hotel Properties Inc?
A steep rise in short interest was recorded in Summit Hotel Properties Inc stocks on 2025-03-14, growing by 0.47 million shares to a total of 3.14 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 2.67 million shares. There was a rise of 14.88%, which implies that there is a positive sentiment for the stock.
