La Quinta Holdings (LQ) has been under a strong bear grip, hence the stock is down -7.28% 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 3.66% in the past 1 week. The stock has risen by 3.63% in the past week indicating that the buyers are active at lower levels, but the stock is down -6.92% in the past 4 weeks.
La Quinta Holdings Inc. is up 1.47% in the last 3-month period. Year-to-Date the stock performance stands at -14.03%. The stock has recorded a 20-day Moving Average of 1.09% and the 50-Day Moving Average is 0.21%.
La Quinta Holdings (NYSE:LQ): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.53 and $11.43 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.77. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.70, notching a gain of 1.47% for the day. The total traded volume was 1,720,856 . The stock had closed at $11.53 on the previous day.
Also, Brokerage firm Citigroup maintains its rating on La Quinta Holdings (NYSE:LQ). As per the latest information, the brokerage house lowers the price target to $12 per share from a prior target of $13. The shares have been rated Neutral. The rating by the firm was issued on August 5, 2016.
La Quinta Holdings Inc. is an owner, operator and franchisor of select-service hotels primarily serving the midscale and upper-midscale segments under the La Quinta brand. The Companys segments include owned hotels and franchise and management. Owned hotels segment includes the operation of owned hotel properties located in the United States. Franchise and management segment operations include various franchise and management agreements relating to its owned, franchised and managed hotels. As of December 31, 2014, the Companys inventory consisted of 867 hotels representing approximately 86,500 rooms, located across 47 United States, as well as in Canada and Mexico, of which 353 hotels were owned and operated and 514 were franchised.