Hotel101 Global (NASDAQ:HBNB) Shares Gap Down – Here’s Why

Shares of Hotel101 Global Holdings Corp. (NASDAQ:HBNB) gapped down before the market opened on Wednesday . The stock had previously closed at $9.86, but opened at $9.60. Hotel101 Global shares last traded at $10.00, with a volume of 5,039 shares.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HBNB. Weiss Ratings began coverage on shares of Hotel101 Global in a research report on Monday, January 5th. They set a “sell (d)” rating on the stock. Wall Street Zen raised shares of Hotel101 Global to a “sell” rating in a research note on Saturday, January 10th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Hotel101 Global Price Performance

The business’s fifty day moving average price is $7.72.

Institutional Investors Weigh In On Hotel101 Global

Institutional investors and hedge funds have recently modified their holdings of the business. Polar Asset Management Partners Inc. bought a new position in Hotel101 Global in the third quarter valued at approximately $88,000. Alterna Wealth Management Inc. bought a new stake in shares of Hotel101 Global during the 4th quarter valued at $154,000. Hudson Bay Capital Management LP acquired a new position in shares of Hotel101 Global in the 3rd quarter valued at $62,000. Citadel Advisors LLC bought a new position in shares of Hotel101 Global in the 3rd quarter worth $43,000. Finally, Yakira Capital Management Inc. acquired a new stake in shares of Hotel101 Global during the third quarter worth $32,000.

Hotel101 Global Company Profile

Hotel101 Global, Inc, listed on NASDAQ under the symbol HBNB, is a hospitality company specializing in the ownership, development, and operation of midscale hotels and hotel-branded residences. The company’s flagship brand, Hotel101, offers standardized guest rooms, on-site dining, and meeting facilities designed to serve both business and leisure travelers. Since commencing operations in 2021, Hotel101 Global has focused on a growth strategy that combines new property development with franchising agreements to expand its brand footprint.

Through its operating subsidiaries, Hotel101 Global maintains a portfolio of properties primarily in the Philippines, with key locations in Metro Manila, Bacolod, Iloilo, and Clark, Pampanga.