Marriott International (MAR) : Traders are bullish on Marriott International (MAR) as it has outperformed the S&P 500 by a wide margin of 3.8% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.85%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.82% in the last 1 week, and is up 4.2% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Marriott International, Inc. is up 13.84% in the last 3-month period. Year-to-Date the stock performance stands at 11.25%. The stock has recorded a 20-day Moving Average of 2.91% and the 50-Day Moving Average is 6.72%.
Marriott International (NASDAQ:MAR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $72.63 and $72.34 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $73.99. The buying momentum continued till the end and the stock did not give up its gains. It closed at $73.97, notching a gain of 1.38% for the day. The total traded volume was 2,353,761 . The stock had closed at $72.96 on the previous day.
Also, Equity analysts at the Brokerage firm Citigroup maintains its rating on Marriott International (NASDAQ:MAR). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Citigroup lowers the price target from $86 per share to $81 per share. The rating by the firm was issued on August 1, 2016.
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.