Chesapeake Lodging Trust (NYSE:CHSP) : Traders are bullish on Chesapeake Lodging Trust (NYSE:CHSP) as it has outperformed the S&P 500 by a wide margin of 4.1% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.9%, 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 4.22% in the last 1 week, and is up 5.78% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have dropped -21.74% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $32.61 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $23.46 and the 200 Day Moving Average price is recorded at $24.70.
The stock has recorded a 20-day Moving Average of 7.1% and the 50-Day Moving Average is 5.47%.
Chesapeake Lodging Trust (NYSE:CHSP): stock turned positive on Friday. Though the stock opened at $24.03, the bulls momentum made the stock top out at $24.725 level for the day. The stock recorded a low of $23.96 and closed the trading day at $24.7, in the green by 3.48%. The total traded volume for the day was 727,794. The stock had closed at $23.87 in the previous days trading.
In an insider trading activity, Vicari Douglas W, CFO of Chesapeake Lodging Trust had purchased 10,000 shares on November 13, 2015 in a transaction. The price per share was $27.5 and the total amount of the disclosed transaction was $275,000.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
Chesapeake Lodging Trust (the Trust) is a self-advised real estate investment trust (REIT). The Trust is focused on investments primarily in upper-upscale hotels in business and convention markets and, on a selective basis, select-service hotels in urban settings or locations in the United States. The Trust owns approximately 20 hotels with an aggregate of 6,116 rooms in eight states and the District of Columbia. The Trusts hotel portfolio includes Le Meridien San Francisco, Hyatt Regency Boston, Hilton Checkers Los Angeles, Hyatt Herald Square New York, Hyatt Santa Barbara, JW Marriott San Francisco Union Square and Denver Marriott City Center, among others. The Trusts operations are conducted through Chesapeake Lodging, L.P., its operating partnership (the Operating Partnership). The Operating Partnership leases its hotels to CHSP TRS LLC (CHSP TRS), which is a wholly owned subsidiary of the Operating Partnership.