DiamondRock Hospitality Company (DRH) stock is lower by 6.87% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.
DiamondRock Hospitality Company has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on DRH!
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With DRH Stock Today?
DiamondRock Hospitality Company (DRH) stock has fallen -4.09% while the S&P 500 has gained 0.07% as of 12:59 PM on Wednesday, Oct 13. DRH is down -$0.37 from the previous closing price of $9.04 on volume of 1,479,105 shares. Over the past year the S&P 500 has risen 23.19% while DRH has gained 62.66%. DRH lost -$2.35 per share in the over the last 12 months.
More About DiamondRock Hospitality Company
Diamondrock Hospitality Company is a real estate investment trust that owns lodging properties. Its primary business is to acquire, own, manage, and renovate full-service hotel properties in the United States. It operates in cities such as Chicago, Los Angeles, Boston, New York, Minneapolis, and Denver, as well as in the U.S. Virgin Islands. Within DiamondRock's holdings, the major hotel brands include Marriott, Starwood, and Hilton. DiamondRock's revenue is divided between room, food and beverage, and other. The room segment contributes the vast majority of the firm's total revenue. The firm's customers include leisure transient, business transient, and group customers.
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