Ashford Hospitality Prime (NYSE:AHP) : Traders are bullish on Ashford Hospitality Prime (NYSE:AHP) as it has outperformed the S&P 500 by a wide margin of 5.26% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.91%, 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 3.22% in the last 1 week, and is up 6.96% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have dropped -4.65% from its 1 Year high price. On Jun 8, 2016, the shares registered one year high at $17.34 and the one year low was seen on Feb 5, 2016. The 50-Day Moving Average price is $13.07 and the 200 Day Moving Average price is recorded at $11.69.
The stock has recorded a 20-day Moving Average of 3.71% and the 50-Day Moving Average is 17.16%.
Ashford Hospitality Prime (NYSE:AHP): stock turned positive on Friday. Though the stock opened at $14.93, the bulls momentum made the stock top out at $14.96 level for the day. The stock recorded a low of $14.58 and closed the trading day at $14.76, in the green by 0.89%. The total traded volume for the day was 638,956. The stock had closed at $14.63 in the previous days trading.
In an insider trading activity,The director officer (President) of Ashford Hospitality Prime, Inc., Kessler Douglas A sold 2,441 shares at $15 on September 1, 2015. The Insider selling transaction had a total value worth of $36,615. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Ashford Hospitality Prime, Inc. (Ashford Prime) invests primarily in high revenue per available room (RevPAR), luxury, upper-upscale and upscale hotels. The Company conducts its business and owns all of its assets through its operating partnership, Ashford Hospitality Prime Limited Partnership (Ashford Prime OP). The Company operates in the direct hotel investment segment of the hotel lodging industry. As of March 12, 2015, the Company owned interests in 10 hotels in six states and the District of Columbia with 3,707 total rooms, or 3,472 net rooms, excluding those attributable to its partner. The hotels in its portfolio are located in the United States markets. The Company owns eight of its hotel properties directly, and the remaining two hotel properties through an investment in a majority-owned consolidated entity. The Company is advised by Ashford LLC, a subsidiary of Ashford Inc., and an affiliate of Ashford Trust.