PK Stock Summary and Trading Ideas (Park Hotels & Resorts Common | NYSE:PK)

Park Hotels & Resorts owns upper-upscale and luxury hotels with 23,428 rooms across 39 hotels in the United States. Park also has interests through joint ventures in another 2,665 rooms in four U.S. hotels. Park was spun out of narrow-moat Hilton Worldwide Holdings at the start of 2017, so most of the company's hotels are still under Hilton brands. The company has sold all its international hotels and many of its lower-quality U.S. hotels to focus on high-quality assets in domestic gateway markets.

Park Hotels & Resorts Common trades on the NYSE stock market under the symbol PK.

As of April 24, 2024, PK stock price climbed to $16.79 with 1,560,274 million shares trading.

PK has a beta of 1.57, meaning it tends to be more sensitive to market movements. PK has a correlation of 0.30 to the broad based SPY ETF.

PK has a market cap of $3.53 billion. This is considered a Mid Cap stock.

In the last 3 years, PK stock traded as high as $23.10 and as low as $10.70.

The top ETF exchange traded funds that PK belongs to (by Net Assets): VNQ, VTI, IJH, VB, VBR.

PK has outperformed the market in the last year with a return of +58.9%, while the SPY ETF gained +24.2%. In the last 3 month period, PK beat the market returning +9.5%, while SPY returned +4.6%. However, in the most recent 2 weeks PK has underperformed the stock market by returning -4.8%, while SPY returned -2.7%.

PK support price is $16.46 and resistance is $17.00 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PK stock will trade within this expected range on the day.