US stock futures muted as rate cut bets wane ahead of Jackson Hole
Susan D. Kronick, a director at Hyatt Hotels Corp (NYSE:H), recently sold 1,600 shares of the company’s Class A Common Stock. The shares were sold at $141.78 each, totaling approximately $226,848. Following this transaction, Kronick retains ownership of 37,927 shares. This sale, conducted under a Rule 10b5-1 trading plan adopted on November 20, 2024, comes as Hyatt trades near its 52-week low at $137.25, with a market capitalization of $13.2 billion. While the stock shows volatile price movements, InvestingPro data reveals management has been actively buying back shares, and the company maintains a GOOD overall Financial Health Score. For comprehensive insider trading analysis and 11 additional key insights, explore Hyatt’s detailed Pro Research Report, available exclusively on InvestingPro.
In other recent news, Hydro One Limited (TSX:H) reported its fourth-quarter 2024 earnings, reflecting a steady increase in profits and operational efficiency. The company achieved basic earnings per share (EPS) of $0.33, up from $0.30 in the same quarter last year, with full-year EPS reaching $1.93, an increase from $1.81 in 2023. Hydro One’s net income grew by 6.5% for the year, and the company achieved $150 million in productivity savings. Additionally, Hydro One revised its EPS outlook for 2027 upwards, with expectations of an annualized growth rate of 6-8%. Meanwhile, Bernstein SocGen Group maintained an Outperform rating for Hyatt Hotels Corporation, with a price target of $173.00, following the introduction of Hyatt’s new brand, Hyatt Select. This new brand targets the Upper Midscale segment in the Americas and is part of Hyatt’s strategy to expand its presence in secondary and tertiary markets. These developments highlight the companies’ ongoing efforts to strengthen their market positions and financial performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.