On a relative basis, the stock has outperformed the S&P 500 by 5.76% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.77% in the last 1 week, and is up 7.47% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have dropped -28.45% from its 1 Year high price. On Jul 21, 2015, the shares registered one year high at $32.14 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $20.94 and the 200 Day Moving Average price is recorded at $20.85.
The stock has recorded a 20-day Moving Average of 5.54% and the 50-Day Moving Average is 6.44%.
RLJ Lodging Trust (NYSE:RLJ): stock turned positive on Friday. Though the stock opened at $21.92, the bulls momentum made the stock top out at $22.25 level for the day. The stock recorded a low of $21.9 and closed the trading day at $22.16, in the green by 2.36%. The total traded volume for the day was 1,049,773. The stock had closed at $21.65 in the previous days trading.
In an insider trading activity,The officer (CFO and Treasurer) of Rlj Lodging Trust, Hale Leslie D. sold 5,000 shares at $22.51 on May 10, 2016. The Insider selling transaction had a total value worth of $112,550. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
RLJ Lodging Trust is a self-advised and self-administered Maryland real estate investment trust (REIT). The Company is engaged in acquiring full-service hotels. As of December 31, 2014, the Company through its wholly owned subsidiaries, owned 146 properties, which consisted of 144 hotels with approximately 22,900 rooms and two planned hotel conversions, located in 21 states and the District of Columbia, and an interest in one mortgage loan secured by a hotel. The Companys hotels are located in the New York, New York; Chicago, Illinois; Austin, Texas; Denver-Boulder, Colorado; Houston, Texas, and the Baltimore, Maryland-Washington, D.C. metropolitan areas. It operates its hotels under various brands, with nearly 97% of hotels operating under existing relationships with Marriott, Hilton or Hyatt. The Companys subsidiaries include RLJ LODGING TRUST L.P., RLJ LODGING TRUST LIMITED PARTNER LLC, RLJ LODGING ACQUISITIONS LLC and RLJ LODGING TRUST MASTER TRS INC., among others.