Starwood Hotels & Resorts Worldwide (NYSE:HOT) : Traders are bullish on Starwood Hotels & Resorts Worldwide (NYSE:HOT) as it has outperformed the S&P 500 by a wide margin of 2.15% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.84%, 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 2.13% in the last 1 week, and is up 3.8% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have dropped -7.01% from its 1 Year high price. On Jul 30, 2015, the shares registered one year high at $86.96 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $73.90 and the 200 Day Moving Average price is recorded at $72.60.
The stock has recorded a 20-day Moving Average of 3.98% and the 50-Day Moving Average is 1.5%.
Starwood Hotels & Resorts Worldwide (NYSE:HOT): stock turned positive on Friday. Though the stock opened at $75.97, the bulls momentum made the stock top out at $76.83 level for the day. The stock recorded a low of $75.74 and closed the trading day at $76.7, in the green by 1.54%. The total traded volume for the day was 984,991. The stock had closed at $75.54 in the previous days trading.
In an insider trading activity,The officer (EVP & CIO) of Starwood Hotel & Resorts Worldwide, Inc, Poulter Martha sold 2,481 shares at $70.61 on March 7, 2016. The Insider selling transaction had a total value worth of $175,183. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Starwood Hotels & Resorts Worldwide, Inc. is a hotel and leisure company. The Companys hotel business is focused on the global operation of hotels and resorts primarily in the luxury and upper upscale segments of the lodging industry. The Company owns Starwood Vacation Ownership, Inc., a provider of world-class vacation experiences through villa-style resorts and privileged access to Starwood brands. It manages and operates its hotel business in three hotel segments: the Americas, Europe, Africa and the Middle East (EAME), and Asia Pacific. Its vacation ownership and residential business is a separate segment. As of December 31, 2014, the Companys hotel business included 1,207 owned, managed or franchised hotels with approximately 346,600 rooms, comprising 36 hotels that it owns or leases or in which the Company has a majority equity interest, 583 hotels managed by the Company on behalf of third-party owners and 588 hotels for which it receives franchise fees.