La Quinta Holdings (NYSE:LQ) has tumbled 1.05% during the past week and has dropped 1.47% in the last 4 week period. The company has outperformed the S&P 500 by 0.14% in the past week but underperformed the index by 2.37% in the last 4 weeks.
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 $11.07 and $11.07 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.46. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.36, notching a gain of 2.81% for the day. The total traded volume was 4,378,589 . The stock had closed at $11.05 on the previous day.
The company shares have dropped -52.13% from its 1 Year high price. On Jun 22, 2015, the shares registered one year high at $24.21 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $11.91 and the 200 Day Moving Average price is recorded at $12.08.
On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of La Quinta Holdings Inc., Bowers Alan J had purchased shares worth of $49,959 in a transaction dated on May 2, 2016. A total of 4,042 shares were purchased at a price of $12.36 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
Many analysts have stated their opinion on the company shares. Wells Fargo downgrades its rating on La Quinta Holdings (NYSE:LQ). Analysts at the Wells Fargo have a current rating of Underperform on the shares. The shares were previously rated Market Perform. The rating by the firm was issued on June 14, 2016. Currently the company Insiders own 1.6% of La Quinta Holdings shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 226.7% . During last six month period, the net percent change held by insiders has seen a change of 226.7%.
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.