Sunstone Hotel Investors (SHO) stock had a bullish inflow of $16.89 million worth of trades on uptick and an outflow of $12.12 million in downticks on Wednesday. The total uptick to downtick ratio stood at 1.39. The net money flow into the stock was $4.77 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $5.44 million. An inflow of $8.42 million block trade was recorded on downticks. $13.86 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. The total uptick to downtick ratio of block trades was 1.65 in favor of the bulls. However, Sunstone Hotel Investors (SHO) stock traded down $0.14 , and reached $13.28, a drop of -1.04% over the previous day. On a weekly basis, the stock is 2.15%, over the previous weeks close.
Also, Equity Analysts at the Canaccord Genuity upgrades the rating on Sunstone Hotel Investors (NYSE:SHO). The brokerage firm has issued a Buy rating on the shares. The shares were previously rated Hold. The rating by the firm was issued on July 15, 2016.
Sunstone Hotel Investors (NYSE:SHO): The stock opened at $13.42 on Wednesday but the bulls could not build on the opening and the stock topped out at $13.56 for the day. The stock traded down to $13.15 during the day, due to lack of any buying support eventually closed down at $13.28 with a loss of -1.04% for the day. The stock had closed at $13.42 on the previous day. The total traded volume was 4,583,909 shares.
The stock has recorded a 20-day Moving Average of 7.7% and the 50-Day Moving Average is 9.19%. In a related news, The Securities and Exchange Commission has divulged that Locker Keith, Director of Sunstone Hotel Investors, Inc., had unloaded 10,000 shares at an average price of $11.81 in a transaction dated on June 29, 2016. The total value of the transaction was worth $118,100.
Sunstone Hotel Investors, Inc. is a self-managed and self-administered real estate investment trust (REIT). The Companys business is to acquire, own, asset manage and renovate full-service hotel and select focus-service hotel properties in the United States. The Company holds interests in approximately 30 hotels, which include around 14,303 rooms, located in 13 states and in Washington, DC. The hotels are operated under the brands, including Marriott, Hilton, Hyatt, Fairmont and Sheraton, among others. Its portfolio includes upper upscale hotels in the United States. Its 30 hotels include around 27 upper upscale, two luxury and one upscale hotel. The Companys property portfolio includes Boston Park Plaza, Courtyard by Marriott Los Angeles, Doubletree Guest Suites Times Square, Embassy Suites Chicago, Embassy Suites La Jolla, Fairmont Newport Beach Marriott Houston, Marriott Wailea, Marriott Park City, Renaissance Harborplace and Renaissance Los Angeles Airport, among others.