Marriott International (MAR) : Traders are bullish on Marriott International (MAR) as it has outperformed the S&P 500 by a wide margin of 2.33% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.07%, 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% in the last 1 week, and is up 5.77% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 2.7% and the 50-Day Moving Average is 6.05%. Marriott International, Inc. is up 2.76% in the last 3-month period. Year-to-Date the stock performance stands at 7.83%.
Marriott International (NASDAQ:MAR): stock turned positive on Friday. Though the stock opened at $71.32, the bulls momentum made the stock top out at $71.85 level for the day. The stock recorded a low of $70.89 and closed the trading day at $71.7, in the green by 0.24%. The total traded volume for the day was 2,408,302. The stock had closed at $71.53 in the previous days trading.
Also, Morgan Stanley maintains its view on Marriott International (NASDAQ:MAR) according to the research report released by the firm to its investors. The shares have now been rated Equal-weight by the stock experts at the ratings house. Morgan Stanley lowers the price target from $74 per share to $73 per share on Marriott International. The rating by the firm was issued on July 28, 2016.
Marriott International, Inc. is a diversified global lodging company. The Company is an operator, franchisor and licensor of hotels and timeshare properties across the world. It also operates markets and develops residential properties and provides services to home/condominium owner associations. It has three segments: North American Full-Service, North American Limited-Service and International. The Companys brands include The Ritz-Carlton, BVLGARI Hotels & Resorts, EDITION, JW Marriott, Autograph Collection Hotels, Renaissance Hotels, Marriott Hotels, Marriott Executive Apartments, Marriott Vacation Club, Gaylord Hotels, AC Hotels by Marriott, Courtyard by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Fairfield Inn & Suites, TownePlace Suites by Marriott, Protea Hotels and Moxy Hotels. It operates, franchises, or licenses approximately 4,175 properties across the world, with around 714,765 rooms inclusive of around 41 home and condominium products.