Diamond Resorts International Inc (DRII) is Downgraded by Goldman to Neutral

Diamond Resorts International Inc (DRII) was Downgraded by Goldman to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Goldman advised their investors in a research report released on Jun 30, 2016.

Many Wall Street Analysts have commented on Diamond Resorts International Inc. Shares were Reiterated by MKM Partners on May 5, 2016 to “Buy” and Lowered the Price Target to $ 26 from a previous price target of $27 .MKM Partners Reiterated Diamond Resorts International Inc on Apr 15, 2016 to “Buy”, Price Target of the shares are set at $27.

Diamond Resorts International Inc opened for trading at $29.76 and hit $30 on the upside on Wednesday, eventually ending the session at $29.79, with a gain of 23.76% or 5.72 points. The heightened volatility saw the trading volume jump to 4,05,09,223 shares. Company has a market cap of $2,077 M.

In a different news, on May 15, 2015, Steven Frank Bell (EVP-Global HR) sold 100,000 shares at $32.40 per share price.

Diamond Resorts International Inc. (DRII) is engaged in the hospitality and vacation ownership industry. The Company operates in two segments: hospitality and management services and Vacation Interest Sales and Financing. The Company has a network of approximately 333 vacation destinations located in 34 countries throughout the continental United States Hawaii Canada Mexico the Caribbean Central America South America Europe Asia Australia New Zealand and Africa. Its resort network includes approximately 93 resort properties with approximately 11000 units that it manages and approximately 236 affiliated resorts and hotels and four cruise itineraries which it does not manage and do not carry its brand but are a part of its network and through the Clubs which are available for its members to use as vacation destinations. The Company offers Vacations for Life which is a way to acquire a lifetime of vacations at destinations across the world.

Diamond Resorts International Inc

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