Park Hotels & Resorts Inc. (NYSE:PK) traded today at a new 52-week high of $24.33. This new high was reached on below average trading volume as 372,000 shares traded hands, while the average 30-day volume is approximately 3.9 million shares.
In the past 52 weeks, Park Hotels & Resorts Inc. share prices are bracketed by a low of $3.99 and a high of $24.33 and is now at $24.23, 507% above that low price.
Park Hotels & Resorts Inc owns upper-upscale and luxury hotels with 29,125 rooms across 53 hotels in the United States. Park also has interests through joint ventures in another 4,297 rooms in seven U.S. hotels. Park was spun out of narrow-moat Hilton Worldwide Holdings at the start of 2017, so all of the company’s hotels are still under Hilton brands. The company has sold all its international hotels and 11 lower-quality U.S. hotels to focus on high-quality assets in domestic, gateway markets. Park has used some of the proceeds to buy back shares and has $346 million available to acquire assets, pay down debt, or buy back more shares.
Potential upside of 0.4% exists for Park Hotels & Resorts Inc., based on a current level of $24.23 and analysts’ average consensus price target of $24.32.
Receive IBN Spotlights – “Bite Size” Small, Mid and Large-Cap Technical Indicator Alerts
To stay connected with our complimentary IBN Spotlights, please visit https://IBN.fm/connected
About InvestorBrandNetwork (IBN)
InvestorBrandNetwork (IBN) consists of 50+ trusted financial brands introduced to the investment public over the course of 15+ years. Through these brands, IBN provides (1) access to our Investor Press Release Wire Solutions via InvestorWire (IW) to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions via IW to ensure maximum impact; (4) full-scale distribution to an enormous social media audience that includes millions of followers; and (5) a full array of corporate communications solutions focused on the IBN Podcast Series. With a proven track record serving 500+ client partners, IBN is the key to a more effective market communication campaign.
For more information, please visit https://www.InvestorBrandNetwork.com
Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://IBN.fm/Disclaimer