Diamond Resorts International (DRII) has been under a strong bear grip, hence the stock is down -2.4% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.1% in the past 1 week. The stock has risen by 1.16% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.39% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.5% and the 50-Day Moving Average is 6.68%. Diamond Resorts International (NYSE:DRII): On Fridays trading session , Opening price of the stock was $29.8 with an intraday high of $29.83. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $29.705. However, the stock managed to close at $29.72, a loss of 0.17% for the day. On the previous day, the stock had closed at $29.77. The total traded volume of the day was 1,716,679 shares.
The company Insiders own 37.4% of Diamond Resorts International shares according to the proxy statements. Institutional Investors own 90.22% of Diamond Resorts International shares. Also, Equity analysts at the Brokerage firm SunTrust Robinson Humphrey downgrades its rating on Diamond Resorts International (NYSE:DRII). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on July 1, 2016.
Diamond Resorts International, Inc. (DRII) is engaged in the hospitality and vacation ownership industry. The Company operates in two segments: hospitality and management services, and Vacation Interest Sales and Financing. The Company has a network of approximately 333 vacation destinations located in 34 countries throughout the continental United States, Hawaii, Canada, Mexico, the Caribbean, Central America, South America, Europe, Asia, Australia, New Zealand and Africa. Its resort network includes approximately 93 resort properties with approximately 11,000 units that it manages and approximately 236 affiliated resorts and hotels and four cruise itineraries, which it does not manage and do not carry its brand, but are a part of its network and, through the Clubs, which are available for its members to use as vacation destinations. The Company offers Vacations for Life, which is a way to acquire a lifetime of vacations at destinations across the world.