Apple Hospitality REIT (NYSE:APLE) : Traders are bullish on Apple Hospitality REIT (NYSE:APLE) as it has outperformed the S&P 500 by a wide margin of 5.74% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.98%, 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 2.27% in the last 1 week, and is up 7.44% 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 4.96% and the 50-Day Moving Average is 4.62%.
Apple Hospitality REIT (NYSE:APLE): stock turned positive on Friday. Though the stock opened at $19.19, the bulls momentum made the stock top out at $19.4 level for the day. The stock recorded a low of $19.04 and closed the trading day at $19.34, in the green by 1.20%. The total traded volume for the day was 686,538. The stock had closed at $19.11 in the previous days trading.
In an insider trading activity, Buckley David P, officer (EVP, Chief Legal Counsel) of Apple Hospitality Reit, Inc., executed a transaction worth $99,985 on August 28, 2015. A total of 5,592 shares were purchased at an average price of $17.88. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Apple Hospitality REIT, Inc. is a real estate investment trust (REIT). The Company owns portfolios of upscale, select service hotels in the United States. The Companys portfolio is diversified across the Hilton and Marriott families of brands with locations in urban, suburban and developing markets. The Company operates approximately 177 hotels, with approximately 22,750 guestrooms under Courtyard by Marriott, Fairfield Inn by Marriott, Fairfield Inn & Suites by Marriott, Marriott Hotels & Resorts, Renaissance Hotels, Residence Inn by Marriott, SpringHill Suites by Marriott, TownePlace Suites by Marriott, Embassy Suites Hotels, Hampton Inn, Hampton Inn & Suites, Hilton, Hilton Garden Inn, Home2 Suites by Hilton and Homewood Suites by Hilton brands. The Company operates approximately 90 Marriott-branded hotels and 83 Hilton-branded hotels.