Starwood Hotels & Resorts Worldwide (HOT) : Starwood Hotels & Resorts Worldwide (HOT) had a healthy money flow of $1.17 million into the stock during the Tuesdays trading session. The value of bullish trades on upticks was $1.41 million, whereas, investors only sold shares worth $0.24 million on downticks. The stock closed the day with an up-down ratio of 5.81.The money flow in the block trades to the tune of $1.16 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $1.16 million worth of transactions were on upticks. Starwood Hotels & Resorts Worldwide (HOT) stock slid $0.1 intraday and traded at 78.63, a change of -0.13% over previous days close. However, for the week, the company shares are 0.26% compared to previous weeks close.
Also, Citigroup maintains its rating on Starwood Hotels & Resorts Worldwide (NYSE:HOT). The global brokerage major lowers the current price target from $83.3 per share to $78 per share. Analysts at the Citigroup have a current rating of Neutral on the shares. The rating by the firm was issued on August 1, 2016.
Starwood Hotels & Resorts Worldwide Inc. has dropped 0.39% in the last five trading days, however, the shares have posted positive gains of 0.63% in the last 4 weeks. Starwood Hotels & Resorts Worldwide Inc. is up 5.19% in the last 3-month period. Year-to-Date the stock performance stands at 14.06%.
Starwood Hotels & Resorts Worldwide (NYSE:HOT): The stock opened at $78.88 on Tuesday but the bulls could not build on the opening and the stock topped out at $78.88 for the day. The stock traded down to $78.07 during the day, due to lack of any buying support eventually closed down at $78.20 with a loss of -0.67% for the day. The stock had closed at $78.73 on the previous day. The total traded volume was 1,985,334 shares.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP & CIO) of Starwood Hotel & Resorts Worldwide, Inc, Poulter Martha had sold 2,481 shares worth of $175,183 in a transaction dated March 7, 2016. In this transaction, 2,481 shares were sold at $70.61 per share.
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.