La Quinta Holdings (LQ): The stock had negative money flow to the tune of ($3.66 million) on Wednesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $0.38 million, whereas, the outflow of money on downticks was $4.04 million and the ratio between the two was 0.09. The block trade had a negative net money flow of ($3.71 million). On the other hand, downticks amounted to $3.71 million of the traded value, which shows distribution in the stock by traders. La Quinta Holdings (LQ) closed with marginal gains of 29 cents to end the day at $12.59, an increase of 2.36% over the previous days close. The stock recorded 2.11% for the week.
Also, Wolfe Research initiates coverage on La Quinta Holdings (NYSE:LQ). The rating major has initiated the coverage with peer perform rating on the shares. The rating by the firm was issued on July 6, 2016.
La Quinta Holdings (NYSE:LQ): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.34 and $12.28 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.61. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.47, notching a gain of 1.38% for the day. The total traded volume was 847,792 . The stock had closed at $12.30 on the previous day.
The stock has recorded a 20-day Moving Average of 6.53% and the 50-Day Moving Average is 6.04%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of La Quinta Holdings Inc., Bowers Alan J, had purchased 4,042 shares in a transaction dated on May 2, 2016. The transaction was executed at $12.36 per share with total amount equaling $49,959.
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.