On a relative basis, the stock has outperformed the S&P 500 by 1.19% 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 0.5% in the last 1 week, and is up 5.61% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 4.29% and the 50-Day Moving Average is 4.57%.
Marriott International (NASDAQ:MAR): The stock opened at $70.42 on Friday but the bulls could not build on the opening and the stock topped out at $70.56 for the day. The stock traded down to $69.28 during the day, due to lack of any buying support eventually closed down at $70.20 with a loss of -0.35% for the day. The stock had closed at $70.45 on the previous day. The total traded volume was 1,838,457 shares.
The company Insiders own 17.07% of Marriott International shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -18.74% . Institutional Investors own 65.5% of Marriott International shares. During last six month period, the net percent change held by insiders has seen a change of -18.74%. In a related news, The officer (EVP- Chief Development Officer), of Marriott International Inc /Md/, Capuano Anthony had unloaded 18,111 shares at $66.51 per share in a transaction on June 15, 2016. The total value of transaction was $1,204,563. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Marriott International, Inc. is a diversified global lodging company. The Company is an operator, franchisor and licensor of hotels and timeshare properties across the world. It also operates markets and develops residential properties and provides services to home/condominium owner associations. It has three segments: North American Full-Service, North American Limited-Service and International. The Companys brands include The Ritz-Carlton, BVLGARI Hotels & Resorts, EDITION, JW Marriott, Autograph Collection Hotels, Renaissance Hotels, Marriott Hotels, Marriott Executive Apartments, Marriott Vacation Club, Gaylord Hotels, AC Hotels by Marriott, Courtyard by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Fairfield Inn & Suites, TownePlace Suites by Marriott, Protea Hotels and Moxy Hotels. It operates, franchises, or licenses approximately 4,175 properties across the world, with around 714,765 rooms inclusive of around 41 home and condominium products.