Summit Hotel Properties Inc’s recently made public that 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 $6.69 million.
BofA Securities upgraded its Summit Hotel Properties Inc [INN] rating to a Neutral from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in early January with a ‘”a Peer perform”‘ rating. Robert W. Baird also remained covering INN and has decreased its forecast on January 12, 2023 with a “Neutral” recommendation from previously “an Outperform” rating. CapitalOne revised its rating on September 15, 2022. It rated INN as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of INN
On Monday, Summit Hotel Properties Inc [NYSE:INN] saw its stock fall -2.75% to $4.24. Over the last five days, the stock has gained 4.18%. Summit Hotel Properties Inc shares have fallen nearly -38.10% since the year began. Nevertheless, the stocks have fallen -30.15% over the past one year. While a 52-week high of $7.22 was reached on 01/28/25, a 52-week low of $3.57 was recorded on 04/09/25. SMA at 50 days reached $5.10, while 200 days put it at $6.19.
Levels Of Support And Resistance For INN Stock
The 24-hour chart illustrates a support level at 4.16, which if violated will result in even more drops to 4.08. On the upside, there is a resistance level at 4.37. A further resistance level may holdings at 4.49. The Relative Strength Index (RSI) on the 14-day chart is 44.47, 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 bullish at 25.18%. Stochastics %K at 76.41% indicates the stock is a holding.
