Marriott International (NASDAQ:MAR) has tumbled 0.03% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 2.29% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 1.17% and the outperformance has advanced to 1.36% for the last 4 weeks period.
Marriott International (NASDAQ:MAR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $65.58 and $65.51 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $66.59. The buying momentum continued till the end and the stock did not give up its gains. It closed at $66.47, notching a gain of 1.34% for the day. The total traded volume was 3,229,474 . The stock had closed at $65.59 on the previous day.
The company shares have dropped -14.39% from its 1 Year high price. On Oct 28, 2015, the shares registered one year high at $79.88 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $67.35 and the 200 Day Moving Average price is recorded at $66.64.
On the companys insider trading activities, Capuano Anthony, officer (EVP- Chief Development Officer) of Marriott International Inc /Md/, unloaded 18,111 shares at an average price of $66.51 on June 15, 2016. The total amount of the transaction was worth $1,204,563, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm Raymond James downgrades its rating on Marriott International (NASDAQ:MAR). The rating major has initiated the coverage with market perform rating on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on April 20, 2016. Currently the company Insiders own 17.07% of Marriott International shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -34.2% . Institutional Investors own 65.59% of Marriott International shares. During last six month period, the net percent change held by insiders has seen a change of -34.2%.
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.