In Thursday’s Wall Street session, Park Hotels & Resorts Inc (NYSE:PK) shares traded at $11.59, down -0.94% from the previous session.
PK stock price is now -9.40% away from the 50-day moving average and -16.55% away from the 200-day moving average. The market capitalization of the company currently stands at $2.34B.
On May 15, 2024, Evercore ISI Upgraded its previous ‘In-line’ rating to ‘Outperform’ on the stock keeping its target price maintained at $20, while ‘Citigroup’ rates the stock as ‘Buy’
In other news, ECKERT THOMAS D, Director bought 20,000 shares of the company’s stock on Mar 04 ’25. The stock was bought for $235,000 at an average price of $11.75. Upon completion of the transaction, the Director now directly owns 157,478 shares in the company, valued at $1.83 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 09 ’24, Director ECKERT THOMAS D bought 30,000 shares of the business’s stock. A total of $473,598 was incurred on buying the stock at an average price of $15.79. This leaves the insider owning 137,478 shares of the company worth $1.59 million. A total of 2.90% of the company’s stock is owned by insiders.
During the past 12 months, Park Hotels & Resorts Inc has had a low of $10.87 and a high of $17.49. The fifty day moving average price for PK is $12.7918 and a two-hundred day moving average price translates $14.1896 for the stock.
The latest earnings results from Park Hotels & Resorts Inc (NYSE: PK) was released for 2024-12-31. The net profit margin was 8.16% and return on equity was 5.68% for PK. The company reported revenue of $625.0 million for the quarter, compared to $657.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.87 percent.
