La Quinta Holdings (NYSE:LQ) has risen sharply, recording gains of 2.44% in the past 4 weeks. However, the stock has corrected -0.17% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.81% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The company shares have dropped -50.57% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $24.18 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $11.58 and the 200 Day Moving Average price is recorded at $11.76.
The stock has recorded a 20-day Moving Average of 3.52% and the 50-Day Moving Average is 0.25%.
La Quinta Holdings (NYSE:LQ): stock turned positive on Friday. Though the stock opened at $11.6, the bulls momentum made the stock top out at $11.83 level for the day. The stock recorded a low of $11.55 and closed the trading day at $11.76, in the green by 2.44%. The total traded volume for the day was 699,565. The stock had closed at $11.48 in the previous days trading.
In an insider trading activity, Bowers Alan J, director of La Quinta Holdings Inc., had purchased 4,042 shares on May 2, 2016. The total value of the transaction was $49,959. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.
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.