La Quinta Holdings (LQ) Shares are Down -1.15%

La Quinta Holdings (LQ) has risen sharply, recording gains of 0.09% in the past 4 weeks. However, the stock has corrected -1.15% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.63% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

The stock has recorded a 20-day Moving Average of 0.9% and the 50-Day Moving Average is 2.96%.The 200 Day SMA reached 5.09%

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La Quinta Holdings (NYSE:LQ): The stock opened in the green at $11.22 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $11.2634 and a low of $10.98 for the day. The stock did not find buyers even at the lows and closed at $11.18 recording a loss of -0.27%. 697,911 shares exchanged hands during the trading day. The stock had closed at $11.18 in the previous days trading.

La Quinta Holdings (LQ) : The highest level La Quinta Holdings (LQ) is projected to reach is $17 for the short term and the lowest estimate is at $10. The consolidated price target from 4 rating analysts who initiate coverage on the stock is $12.31 and the possibility the share price can swing is $3.14.

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.

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