Diamondrock Hospitality Company (NYSE:DRH) : Traders are bullish on Diamondrock Hospitality Company (NYSE:DRH) as it has outperformed the S&P 500 by a wide margin of 3.13% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.12%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.4% in the last 1 week, and is up 4.79% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have dropped -29.75% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $13.86 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $9.10 and the 200 Day Moving Average price is recorded at $9.10.
The stock has recorded a 20-day Moving Average of 3.06% and the 50-Day Moving Average is 4.24%.
Diamondrock Hospitality Company (NYSE:DRH): stock turned positive on Friday. Though the stock opened at $9.25, the bulls momentum made the stock top out at $9.46 level for the day. The stock recorded a low of $9.23 and closed the trading day at $9.4, in the green by 2.96%. The total traded volume for the day was 1,865,025. The stock had closed at $9.13 in the previous days trading.
In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP & General Counsel) of Diamondrock Hospitality Co, Tennis William J had sold 100 shares worth of $1,495 in a transaction dated March 24, 2015. In this transaction, 100 shares were sold at $14.95 per share.
DiamondRock Hospitality Company is a lodging focused Maryland corporation operating as a real estate investment trust (REIT). As of December 31, 2014, the Company owned a portfolio of 27 hotels and resorts throughout North America and the United States Virgin Islands that consists of 10,552 guest rooms. The Company conducts its business through a traditional umbrella partnership REIT, or umbrella partnership real estate investment trust (UPREIT) in , which the Companys hotels are owned by subsidiaries of its operating partnership, DiamondRock Hospitality Limited Partnership. The Company is the sole general partner of its operating partnership and owns either directly or indirectly, all of the limited partnership units of its operating partnership. The Company leases all of its domestic hotels to REIT subsidiary or TRS lessees. In turn, the Companys TRS lessees must engage a third-party management company to manage the hotels.