07:13 AM EDT, 09/18/2024 (MT Newswires) -- Hilton Worldwide Holdings ( HLT ) was the stock pick of the week from Smart Insider after Director Judith McHale purchased $1 million worth of stock on Sept. 10.

McHale, who has been a director at Hilton since 2013, increased her holdings by 22% to 26,175 shares with the purchase, acquiring shares at $210.81 each, according to Smart Insider.

Despite her long tenure on the board, this was her first open-market purchase. McHale is currently CEO of Cane Investments and also serves on the board of Paramount. This purchase was described by Smart Insider as "unusual, large, and out of the blue."

Smart Insider said it is "unusual to see insider buying as well as a lack of any recent selling" given that the stock is near a multi-year high and ranked the stock a "strong positive signal."

Price: 220.82, Change: +0.44, Percent Change: +0.20